(1) These regulations may be called Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017.

(2) These regulations shall come into force on the date of their publication in the Official Gazette.
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(1) In these regulations, unless the context otherwise requires:—
a) “Advisory Committee” means an Advisory Committee constituted by an order of the Board under section 197 of the Code read with these regulations;
b) “Board” means the Insolvency and Bankruptcy Board of India established under section 188(1) of the Code;
c) “Chairperson” means the Chairperson of the Advisory Committee;
d) “Code” means the Insolvency and Bankruptcy Code, 2016;
e) “Member” means a Member of the Advisory Committee and includes Chairperson;
f) “Secretary” means an officer of the Board designated as such by the Board;

(2) Words and expressions used and not defined in these regulations but defined in the Code shall have the meanings respectively assigned to them in the Code.
VL Note : –