Key Highlights of IBBI Regulations, 2022

CS Peer mehboob | Last updated: 05 November 2022

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The IBBI has introduced significant amendments to its Model Byelaws and Governing Board Regulations, effective from 31st October 2022. These changes include new monetary penalty thresholds for Insolvency Professional Agencies (IPAs) to impose on their members for various contraventions. Additionally, IPAs are now required to facilitate and publish relationship disclosures from their professional members within three working days, ensuring appointments are at arm's length. A compliance certificate format has also been introduced for IPAs to submit annually to the Board.

On 31st October 2022, IBBI has amended the IBBI( Model Byelaws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 vide IBBI( Model Byelaws and Governing Board of Insolvency Professional Agencies) (Second Amendment) Regulations, 2022. Key Highlights of the amendments are as

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About the Author

CS Peer mehboob

My name is Peer Mehboob. I am a qualified Company Secretary and Law Graduate with more than 10 years of experience. I have immense interest in academics and in legal profession. I keep writing various articles and also authored books for professional institutes. I also have inclination of teaching corporate laws.

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