The Insolvency and Bankruptcy Board of India (IBBI) invites comments from public, including the stakeholders and the regulated, on the regulations already notified under the Code. The comments received between April 30, 2018 and December 31, 2018 shall be processed together and following the due process, regulations will be amended to the extent considered necessary. The comments are invited on the following Regulations:
a) IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016;
b) IBBI (Insolvency Professional Agencies) Regulations, 2016;
c) IBBI (Insolvency Professionals) Regulations, 2016;
d) IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016;
e) IBBI (Liquidation Process) Regulations, 2016;
f) IBBI (Information Utilities) Regulations, 2017;
g) IBBI (Fast Track Corporate Insolvency Resolution Process) Regulations, 2017;
h) IBBI (Inspections and Investigations) Regulations, 2017;
i) IBBI (Voluntary Liquidation Process) Regulations, 2017; or
j) IBBI (Grievance and Complaint Handling Procedure) Regulations, 2017.
It will be the endeavour of the IBBI to notify modified regulations by March 31, 2019 and bring them into force on April 01, 2019. A similar exercise was undertaken in the previous year and consequently several regulations were amended with effect from April 01, 2018.
[Press Release No. IBBI/PR/2018/18]