Section 219 of IBC – Insolvency and Bankruptcy Code, 2016 : Show cause notice to insolvency professional agency or its member or information utility

The Insolvency and Bankruptcy Code, 2016

Part-IV Regulation of Insolvency Professionals, Agencies and Information Utilities

Chapter-VI Inspection and Investigation

Section 219: Show cause notice to insolvency professional agency or its member or information utility.

*219. The Board may, upon completion of an inspection or investigation under section 218, issue a show cause notice1 to such insolvency professional agency or insolvency professional or information utility, and carry out inspection of such insolvency professional agency or insolvency professional or information utility in such manner, giving such time for giving reply, as may be specified by regulations.


Reference

*Effective from 15.11.2016.

1. Commencement of Disciplinary Proceeding-LA/010/2018, 23rd April, 2018.


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