The Insolvency and Bankruptcy Code, 2016
IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016
Chapter II – Bye Laws
Regulation 3: Insolvency professional agencies to have Bye-Laws.
3. (1) A company shall submit to the Board its bye-laws along with the application for its registration as an insolvency professional agency.
(2) The bye-laws shall provide for all matters specified in the model bye-laws.
(3) The bye-laws shall at all times be consistent with the model bye-laws.
(4) The insolvency professional agency shall publish its bye-laws, the composition of all committees formed, and all policies created under the bye-laws on its website.
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