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IBBI (Voluntary Liquidation Process) (Amendment) Regulations 2019

Insolvency and Bankruptcy Board of India (IBBI) Notification dated 15th January, 2019 :-

No. IBBI/2019-20 /GN/REG039.—In exercise of the powers conferred by sections 59 and 208 read with clause (t) of sub-section (1) of section 196 and section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to amend the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, namely: -

1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2019.

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

2. In the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (hereinafter referred to as the principal regulations), in regulation 6, in sub-regulation (1), in the Explanation, in clause (c), in sub-clause (i), for the words “company secretaries”, the words “secretarial auditors” shall be substituted.

3. In the principal regulations, in Schedule I, in Form A, for “[insert the date falling thirty days after the liquidation commencement date]”, the following shall be substituted, namely:-
“[insert the date falling thirty days from the liquidation commencement date]”.


Note: The Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 were published vide notification No. IBBI/2016-17/GN/REG010 on 31st March, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 130 dated 31st March, 2017 and these have not been amended so far.

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