Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022

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..... olvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2022 No. IBBI/2022-23/GN/REG100 .-In exercise of the powers conferred by sections 196 , 203 and 205 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016) , the Insolvency and Bankruptcy Board of India hereby makes the followin .....

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..... e following shall be inserted, namely: - (2) No insolvency professional entity, recognised by the Board under regulation 13 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, shall be enrolled as a professional member if it is not eligible to be registered as an insolvency professional with the Board. (ii) in clause 10, in sub-clause (1), for the .....

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..... r, which is an insolvency professional entity registered as an insolvency professional. (v) in sub-clause (8) of clause 10, sub-clause (7) of clause 12A, sub-clause (1) of clause 13, sub-clause (b) of clause 20, sub-clause (1) of clause 26, clause 27, clause 28 and clause 30, for the word his , the word its shall be substituted. (vi) in sub-clause (1) of clause 12, sub-clause (2) of clau .....

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