IBBI (Procedure for Governing Board Meetings) (Amendment) Regulations, 2019

Jul 24, 2019 | by Avantis RegTech Legal Research Team

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The Insolvency and Bankruptcy Board of India (IBBI) on July 23, 2019, has published the IBBI (Procedure for Governing Board Meetings) (Amendment) Regulations, 2019, to further amend the IBBI (Procedure for Governing Board Meetings) Regulations, 2017. It will come into force on the date of its publication in the Official Gazette. 

The amendments effected by IBBI (Procedure for Governing Board Meetings) (Amendment) Regulations, 2019 are:

Notice shall ordinarily be given for each meeting of the Governing Board not less than ten days’ and such notice along with agenda shall be sent to every Member at his usual address in India or by e-mail, as furnished by him to the Board, provided that if an urgent meeting of the Governing Board is required to be convened, ten days’ notice may be dispensed with by the Chairperson.

[Notification No. IBBI/2019-20/GN/REG042]

 

 


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