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IBBI amends the IBBI (Model Bye-Laws amp; Governing Board of Insolvency Professional Agencies) Regulations, 2016

July 23, 2021
IBBI has amended the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 whereby Clause 24 of the Schedule has been amended to provided that The Agency shall promptly realise the monetary penalty imposed by the Disciplinary Committee and credit the same to the Fund constituted under section 222 of the Code.
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