IBC 203 — Governing Board of insolvency professional agency

Insolvency & Bankruptcy Code, 2016

Statutory text

The  Board  may,  for  the  purposes  of ensuring  that  every  insolvency  professional  agency  takes  into  account  the  objectives  sought  to  be achieved under this Code, make regulations to specify—
(a) the setting up of a governing board of an insolvency professional agency;
(b) the minimum number of independent members to be on the governing board of the insolvency professional agency; and (c) the number of the insolvency professionals being its members who shall be on the governing board of the insolvency professional agency.

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