Preliminary

Regulation 1 Short title and Commencement

(1) These regulations may be called Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations,

2017.

(2) These regulations shall come into force on the date of their publication in the Official Gazette.

VL Note : –

Regulation 2 Definitions

(1) In these regulations, unless the context otherwise requires:—

      (a) “Board” means the Insolvency and Bankruptcy Board of India established under section 188(1) of the Code;

      (b) “Chairperson” means the Chairperson of the Board;

      (c) “Code” means the Insolvency and Bankruptcy Code, 2016;

      (d) “Governing Board” means the Board of Members constituted under section 189(1) of the Code;

      (e) “Member” means a Member of the Board and includes the Chairperson, appointed under section 189 of the Code;

      (f) “Schedule” means schedule attached to these Regulations;

      (g) “Secretary” means Secretary to the Governing Board designated under regulation 9(1) of these Regulations.

(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 : –