Fresherslive Current Affairs;

Insolvency and Bankruptcy Board sets up two advisory committees

Last Updated: November 29, 2016

Free Current Affairs to Your Email
Insolvency and Bankruptcy Board sets up two advisory committees

Insolvency and Bankruptcy Board sets up two advisory committees

29 November 2016 Current Affairs: The Insolvency and Bankruptcy Board of India (IBBI) has set up two high-level advisory committees to gather inputs from experts, including on service providers and corporate liquidation. IBBI has been set up under the Insolvency and Bankruptcy Code, 2016 and is expected to soon operationalize. The two committees have begun their deliberations.
The advisory committee on services: It will be headed by educationist Mohandas Pai. It includes National Stock Exchange Vice-Chairman Ravi Narain, SEBI Executive Director J Ranganayakulu, National Institute of Public Finance and Policy’s Professor Ajay N Shah and senior lawyer Amarjit Singh Chandiok.
The advisory committee on corporate insolvency and liquidation: It will be headed by noted banker Uday Kotak. It includes Credit Information Bureau Chairman M V Nair, Corporate and Economic Research Group Advisory’s Chairperson Omkar Goswami and BSE CEO Ashishkumar Chauhan.
IBBI  : IBBI seeks to consolidate and amend laws relating to reorganisation as well as insolvency resolution of corporate persons, partnership firms and individuals in a time-bound manner. It has been set up by the code to regulate professionals, information utilities (IUs) and agencies engaged in the resolution of insolvencies of companies. It has chairman and 10 members. Present chairman is M S Sahoo. There four government-nominated members.
Fresherslive Current Affairs;

Daily Current Affairs 2019

Fresherslive Current Affairs;


Subscribe to Current Affairs

Enter your email to get daily Current Affairs
Current Affairs PDF

Current Affairs 2019 October

October 19
News Quiz
October 18
News Quiz
October 17
News Quiz
October 16
News Quiz

Current Affairs 2019 September

September 30
News Quiz
September 29
News Quiz
September 28
News Quiz
September 27
News Quiz

Current Affairs 2019 August

August 31
News Quiz
August 30
News Quiz
August 29
News Quiz
August 28
News Quiz