PART IV
REGULATION OF INSOLVENCY PROFESSIONALS,
AGENCIES AND INFORMATION UTILITIES
CHAPTER I
THE INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
188. Establishment and incorporation of Board
189. Constitution of Board
190. Removal of member from office
191. Powers of Chairperson
192. Meetings of Board
193. Member not to participate in meetings in certain cases
194. Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board
195. Power to designate financial sector regulator
CHAPTER II
POWERS AND FUNCTIONS OF THE BOARD
196. Powers and functions of Board
197. Constitution of advisory committee, executive committee or other committee
198. Condonation of delay
CHAPTER III
INSOLVENCY PROFESSIONAL AGENCIES
199. No person to function as insolvency professional agency without valid certificate of registration
200. Principles governing registration of insolvency professional agency
201. Registration of insolvency professional agency
202. Appeal to National Company Law Appellate Tribunal
203. Governing Board of insolvency professional agency
204. Functions of insolvency professional agencies
205. Insolvency professional agencies to make bye-laws
CHAPTER IV
INSOLVENCY PROFESSIONALS
206. Enrolled and registered persons to act as insolvency professionals
207. Registration of insolvency professionals
208. Functions and obligations of insolvency professionals
CHAPTER V
INFORMATION UTILITIES
209. No person to function as information utility without certificate of registration
210. Registration of information utility
211. Appeal to National Company Law Appellate Tribunal
212. Governing Board of information utility
213. Core services, etc., of information utilities
214. Obligations of information utility
215. Procedure for submission, etc., of financial information
216. Rights and obligations of persons submitting financial information
CHAPTER VI
INSPECTION AND INVESTIGATION
217. Complaints against insolvency professional agency or its member or information utility
218. Investigation of insolvency professional agency or its member or information utility
219. Show cause notice to insolvency professional agency or its member or information utility
220. Appointment of disciplinary committee
CHAPTER VII
FINANCE, ACCOUNTS AND AUDIT
221. Grants by Central Government
222. Board’s Fund
223. Accounts and audit
PART V
MISCELLANEOUS
224. Insolvency and Bankruptcy Fund
225. Power of Central Government to issue directions
226. Power of Central Government to supersede Board
227. Power of Central Government to notify financial service providers, etc.
228. Budget
229. Annual report
230. Delegation
231. Bar of jurisdiction
232. Members, officers and employees of Board to the public servants
233. Protection of action taken in good faith
234. Agreements with foreign countries
235. Letter of request to a country outside India in certain cases
235A. Punishment where no specific penalty or punishment is provided
236. Trial of offences by Special Court
237. Appeal and revision
238. Provisions of this Code to override other laws
238A. Limitation
239. Power to make rules
240. Power to make regulations
240A. Application of this Code to micro, small and medium enterprises
241. Rules and regulations to be laid before Parliament
242. Power to remove difficulties
243. Repeal of certain enactments and savings
244. Transitional provisions
245. Amendments of Act 9 of 1932
246. Amendments of Act 1 of 1944
247. Amendments of Act 43 of 1961
248. Amendments of Act 52 of 1962
249. Amendments of Act 51 of 1993
250. Amendments of Act 32 of 1994
251. Amendments of Act 54 of 2002
252. Amendments of Act 1 of 2004
253. Amendments of Act 51 of 2007
254. Amendments of Act 6 of 2009
255. Amendments of Act 18 of 2013
The First Schedule Amendment to the Indian Partnership Act, 1932
The Second Schedule Amendment to the Central Excise Act, 1944
The Third Schedule Amendment to the Income-Tax Act, 1961
The Fourth Schedule Amendment to the Customs Act, 1962
The Fifth Schedule Amendment to the Recovery of Debts Due to Banks and Financial Institutions Act, 1993
The Sixth Schedule Amendment to the Finance Act, 1994
The Seventh Schedule Amendment to the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (54 of 2002)
The Eighth Schedule Amendment to the Sick Industrial Companies (Special Provisions) Repeal Act, 2003
The Ninth Schedule Amendment to the Payment and Settlement Systems Act, 2007
The Tenth Schedule Amendment to the Limited Liability Partnership Act, 2008
The Eleventh Schedule Amendments to the Companies Act, 2013
The Twelfth Schedule Acts for the purposes of clause (d) of section 29A
Division II
Insolvency and Bankruptcy Code, 2016
alongwith Notifications, Circulars,
Guidelines, Orders, Regulations & Rules
A. IBC, 2016
1 The Insolvency and Bankruptcy Code, 2016
B. Orders
2 Relevant Orders
C. Notifications
3 Notifications
D. Circulars
4 Circulars
E. Guidelines
5 Guidelines
F. Regulations
6 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016
7 Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016
8 Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021
9 Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017
10 Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017
11 Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
12 Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019
13 Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017
14 Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017
15 Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016
16 Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016
17 Insolvency and Bankruptcy Board of India (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016
18 Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017
19 The Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017
20 Insolvency and Bankruptcy Board of India (Mechanism for Issuing Regulations) Regulations, 2018
21 Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017
22 Insolvency and Bankruptcy Board of India (Advisory Committee) Regulations, 2017
G. Rules
23 Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016
24 Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
25 Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantors to Corporate Debtors) Rules, 2019
26 Insolvency and Bankruptcy (Pre-packaged Insolvency Resolution Process) Rules, 2021
27 Insolvency and Bankruptcy Board of India (Salary, Allowances and other terms and Conditions of Service of Chairperson and Members) Rules, 2016
28 Insolvency and Bankruptcy Board of India (Medical Facility to Chairperson and Whole-time Members) Scheme Rules, 2019
29 Insolvency and Bankruptcy Board of India (Form of Annual Statement of Accounts) Rules, 2018
30 Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
31 Insolvency and Bankruptcy Board of India (Annual Report) Rules, 2018
H. Scheme
32 Insolvency and Bankruptcy Board of India (Medical Facility to Chairperson and Whole-time Members) Scheme, 2019
I. NCLT
33 National Company Law Tribunal Rules, 2016
34 National Company Law Appellate Tribunal Rules, 2016
35 Constitution of Benches of NCLT and NCLAT
36 Companies (Transfer of Pending Proceedings) Rules, 2016

Division III
Allied Acts & Rules
1 The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002
2 Security Interest (Enforcement) Rules, 2002
3 The Recovery of Debts and Bankruptcy Act, 1993
4 Debts Recovery Tribunal (Procedure) Rules, 1993
5 Debts Recovery Appellate Tribunal (Procedure) Rules, 1994
Division IV
Prudential Framework for Resolution of Stressed Assets
I. Prudential Framework for Resolution of Stressed Assets: Press Release: 2018-2019/2886, dated 7-6-2019
II. Prudential Framework for Resolution of Stressed Assets: DBR.No.BP.BC.45/21.04.048/2018-19, dated 7-6-2019
Division V
Reports on IBC
1. Report on the rules and regulations for cross-border insolvency resolution
2. Report of the Sub-Committee of the Insolvency Law Committee on Pre-packaged Insolvency Resolution Process
3. Report of Insolvency Law Committee on Cross Border Insolvency
4. Report of the Insolvency Law Committee
5. Report of the Bankruptcy Law Reforms Committee