Section 192: Meetings of Board

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The Insolvency and Bankruptcy Code, 2016

PART IV
Regulation of Insolvency Professionals Agencies and Information Utilities

CHAPTER I
The Insolvency and Bankruptcy Board of India

Section 192: Meetings of Board:

*192. (1) The Board shall meet at such times and places, and observe such rules of procedure in regard to the transaction of business at its meetings (including quorum at such meetings) as may be determined by regulations.

(2) The Chairperson, or if, for any reason, the Chairperson is unable to attend any meeting of the Board, any other member chosen by the members present at the meeting shall preside at the meeting.

(3) All questions which come up before any meeting of the Board shall be decided by a majority votes of the members present and voting, and, in the event of an equality of votes, the Chairperson, or in his absence, the person presiding, shall have a second or casting vote.


Notifications & Circulars

*This shall come into force w.e.f. from 05.08.2016.

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