IBBI (Insolvency Professionals) (Amendment) Regulations, 2023

Insolvency and Bankruptcy Board of India (IBBI) (Insolvency Professionals) (Amendment) Regulations, 2023.

Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2023 No. IBBI/2023-24/GN/REG103.—In exercise of the powers conferred by sections 196, 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, namely:—

1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2023.
   (2) They shall come into force on the date of publication in the Official Gazette.
   
2. In the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (hereinafter referred to as the „principal regulations‟), in regulation 5, in clause (c), in sub-clause (ii), before the words “Graduate Insolvency Programme”, the word “Post” shall be inserted.
   
3. In the principal regulations, in the Second Schedule, in Form A, in caption B. QUALIFICATIONS:
   
   EDUCATIONAL, PROFESSIONAL, INSOLVENCY EXAMINATION AND PRE-REGISTRATION EDUCATIONAL COURSE, in table (iii) Insolvency Examination, in Sl. No. 2 row, before the words “Graduate Insolvency Programme”, the word “Post” shall be inserted.

Note: The Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 were published vide Notification No. IBBI/2016-17/GN/REG003 dated 23rd November, 2016 in the Gazette of India, Extraordinary, Part III, Section 4, No. 424 on 23rd November, 2016 and were last amended by the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Fourth Amendment) Regulations, 2022 published vide Notification No. No. IBBI/2022-23/GN/REG099 dated 28th September, 2022 in the Gazette of India, Extraordinary, Part III, Section 4, No.472 on 28th September, 2022.

Notification

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