M.S. Sahoo appointed chairman of Insolvency and Bankruptcy Board

Posted on:03 Oct 2016 09:50:30
M.S. Sahoo appointed chairman of Insolvency and Bankruptcy Board
03 October 2016 Current Affairs: The Centre has constituted a four-member Insolvency and Bankruptcy Board of India (IBBI) under the Chairmanship of MS Sahoo.

Sahoo, who was till recently Competition Commission of India (CCI) Member, assumed charge as Chairman of IBBI.

The oath of office was administered by Finance and Corporate Affairs Minister Arun Jaitley here.

Sahoo was last month appointed as IBBI Chairman for a period of five years.

The members of the IBBI are Ajay Tyagi, Additional Secretary, Finance Ministry; Amardeep Singh Bhatia, Joint Secretary, Ministry of Corporate Affairs; GS Yadav, Joint Secretary, Department of Legal Affairs; and Unnikrishnan, Legal Advisor, Reserve Bank of India.

The main activity of IBBI would be to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code 2016.

The Centre had notified the Insolvency Code in May. The fact that IBBI has been constituted in a span of four months is a commendable effort, say economy watchers.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs October 2017

17 OCTOBER
NEWS
16 OCTOBER
NEWS
15 OCTOBER
NEWS
14 OCTOBER
NEWS

Current Affairs September 2017

30 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS
26 SEPTEMBER
NEWS

Current Affairs August 2017

31 AUGUST
NEWS
30 AUGUST
NEWS
29 AUGUST
NEWS
28 AUGUST
NEWS