GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, MONDAY, JANUARY 30, 2017

GAZETTE OF INDIA EXTRAORDINARY PART III, SECTION 4 PUBLISHED BY AUTHORITY NEW DELHI, MONDAY, JANUARY 30, 2017 INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 30 th January, 2017 Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017 IBBI/2016 -17/GN/REG007. — In exercise of the powers conferred by section 192(1) read with section 240 of the Insolvency and Bankruptcy Code, 2016, the Insolvency and Bankruptcy Board of India hereby makes the following regulations, namely:— Chapter I Preliminary 1. Short title and commencement . These regulations may be called Insolvency and Bankruptcy Board of India (Procedure for Governing Board Meetings) Regulations, 2017 . These regulations shall come into force on the date of their publication in the Official Gazette. 2. Definitions . In these regulations, unless the context otherwise requires:— (a) "Board" means the Insolvency and Bankruptcy Board of India established under section 188(1) of the Code; (b) “Chairperson” means the Chairperson of the Board; (c) “Code” means the Insolvency and Bankruptcy Code, 2016; (d) "Governing Board" means the Board of Members constituted under section 189(1) of the Code; (e) "Member" means a Member of the Board and includes the Chairperson, appointed under section 189 of the Code; (f) "Schedule" means schedule attached to these Regulations; (g) "Secretary" means Secretary to the Governing Board designated under regulation 9(1) of these Regulations. Words and expressions used and not defined in these Regulations but defined in the Code shall have the meanings respectively assigned to them in the Code. Chapter II Businesses 3. Governing Board Businesses . The Governing Board shall transact the following businesses:- (i) Regulations to be

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