The notification announces the appointment of Dr. Bhushan Kumar Sinha as a Whole-time member of the Insolvency and Bankruptcy Board of India (IBBI).
Key Changes
Dr. Bhushan Kumar Sinha, formerly Senior Economic Advisor, Department of Financial Services, has been appointed as a Whole-time member of the IBBI.
The appointment is effective from the forenoon of February 11, 2025, the date he assumed charge.
Dr. Sinha's term will last for five years, until he reaches the age of sixty-five years, or until further orders are issued, whichever comes first.
Impact Analysis
Impact on IBBI
The appointment ensures continuity and stability in the functioning of the IBBI.
Impact on Corporate Sector
A well-functioning IBBI can enhance investor confidence and promote economic stability.
Suggested Action Items
Review and update internal processes to leverage the expertise of the new member.
Key Entities Referenced
Insolvency and Bankruptcy Board of India (IBBI): The regulatory body for overseeing insolvency proceedings and regulating insolvency professionals in India.
Dr. Bhushan Kumar Sinha: Newly appointed Whole-time member of the IBBI, formerly Senior Economic Advisor, Department of Financial Services.
Insolvency and Bankruptcy Code, 2016: The law governing insolvency and bankruptcy proceedings in India. Section 189 provides the central government power to appoint members to IBBI.
Ministry of Corporate Affairs: The ministry responsible for administering the Companies Act, 2013 and other related laws, including the Insolvency and Bankruptcy Code, 2016.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-डी.एल.-अ.-12022025-260956
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असाधारण
EXTRAORDINARY
भाग I—खण्ड 2
PART I—Section 2
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
सं. 8] नई दिल्ली, बुधवार, फरवरी 12, 2025/माघ 23, 1946
No. 8] NEW DELHI, WEDNESDAY, FEBRUARY 12, 2025/MAGHA 23, 1946
कारपोरेट कार् यमत्रं ालर्
अजधसचू ना
नई दिल्ली, 12 फरवरी, 2025
स.ं 30/2/2024-दिवाला.—केंद्रीर् सरकार न े दिवाला और िोधन अक्षमता सजं िता, 2016 (2016 का 31) की धारा 189
द्वारा प्रित्त िजिर्ों का प्रर्ोग करते हुए, डॉ भूषण कुमार जसन्िा, पूव य वररष्ठ आर्थयक सलािकार, जवत्तीर् सेवाएं जवभाग को पिभार
ग्रिण करने की तारीख अथायत् 11 फरवरी, 2025 के पूवायह्न से पांच वष यकी अवजध के जलए र्ा पैंसठ वषय की आर्ु तक र्ा अगले आिेिों
तक, इनमें स ेिो भी पिले िो, भारतीर् दिवाला और िोधन अक्षमता बोडय के पूणयकाजलक सिस्ट्र् के रूप में जनर्ुि दकर्ा ि।ै
अनीता िाि आकेल्ला, संर्ुि सजचव
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 12th February, 2025
No. 30/2/2024-Insolvency.—In exercise of the powers conferred by section 189 of the Insolvency and
Bankruptcy Code, 2016 (31 of 2016), the Central Government has appointed Dr.Bhushan Kumar Sinha, Former
Senior Economic Advisor, Department of Financial Services as Whole-time member of the Insolvency and
Bankruptcy Board of India with effect from the date of the assumption of charge of the post i.e. forenoon of
11thFebruary, 2025 for a term of five years or upto the age of sixty five years or until further orders, whichever is the
earliest.
ANITA SHAH AKELLA, Jt. Secy.
1094 GI/2025
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.