This document is a notification from the Insolvency and Bankruptcy Board of India (IBBI) regarding amendments to the Insolvency and Bankruptcy Board of India Information Utilities Regulations, 2017. The notification, numbered IBBI/2017-18/GN/REG 029, was issued on March 27, 2018, and published in the Gazette of India, Extraordinary, Part III, Section 4, No. 123, dated March 28, 2018.
The key changes introduced by the Insolvency and Bankruptcy Board of India Information Utilities Amendment Regulations, 2018 are as follows:
1. **Amendment Title:** The regulations are called the Insolvency and Bankruptcy Board of India Information Utilities Amendment Regulations, 2018.
2. **Effective Date:** The regulations came into force on April 1, 2018.
3. **Regulation 42 Amendment:** In regulation 42 of the Insolvency and Bankruptcy Board of India Information Utilities Regulations, 2017, the phrase "National Company Law Tribunal Rules, 2016" is replaced with "National Company Law Appellate Tribunal Rules, 2016".
4. **Schedule Amendment:** In the Schedule, specifically in the Annexure to Form A, a new section labeled "PART II" is inserted after item 5.
The notification is issued under the authority of section 196, read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016). Dr. M. S. Sahoo, Chairperson, IBBI, is identified as the signatory.
The original Insolvency and Bankruptcy Board of India Information Utilities Regulations, 2017, were published in the Gazette of India, Extraordinary, under notification number IBBI/2016-17/GN/REG009, dated March 31, 2017, and were previously amended via notification number IBBI/2016-17/GN/REG016 dated September 29, 2017.
Key Entities Referenced
Insolvency and Bankruptcy Board of India: A regulatory body in India responsible for overseeing insolvency proceedings and regulating insolvency professionals.
Insolvency and Bankruptcy Code, 2016: An Indian law that consolidates and amends the laws relating to reorganization and insolvency resolution of corporate persons, partnership firms and individuals.
Insolvency and Bankruptcy Board of India Information Utilities Regulations, 2017: Regulations established by the Insolvency and Bankruptcy Board of India pertaining to Information Utilities.
Insolvency and Bankruptcy Board of India Information Utilities Amendment Regulations, 2018: Amendments made in 2018 to the Insolvency and Bankruptcy Board of India Information Utilities Regulations, 2017.
National Company Law Tribunal Rules, 2016: Rules governing the procedures and functioning of the National Company Law Tribunal.
National Company Law Appellate Tribunal Rules, 2016: Rules governing the procedures and functioning of the National Company Law Appellate Tribunal.
New Delhi: The location of the Insolvency and Bankruptcy Board of India notification.
Dr. M. S. Sahoo: Chairperson of Insolvency and Bankruptcy Board of India
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अ(cid:28)मता संिहता, 2016 (2016 का 31) क( धारा 240 के साथ प-ठत धारा 196, 0ारा 1द2 शि3य4 का 1योग करते 6ए, भारतीय
(cid:4)दवाला और शोधन अ(cid:28)मता बोड(cid:13) (इनफॉरमेशन यू-टिलटी) िविनयम, 2017 का संशोधन करने के िलए िन>िलिखत िविनयम बनाता
ह,ै अथा(cid:13)त्:—
1. (1) इन िविनयम4 का संि(cid:28)C नाम भारतीय (cid:4)दवाला और शोधन अ(cid:28)मता बोड (cid:13) (इनफॉरमेशन यू-टिलटी) (संशोधन) िविनयम,
2018 ह ै।
(2) ये 1 अ1ैल, 2018 को 1वृ2 ह4गे ।
2. भारतीय (cid:4)दवाला और शोधन अ(cid:28)मता बोड (cid:13) (इनफॉरमेशन यू-टिलटी) िविनयम, 2017 के िविनयम 42 मF, “राGीय कंपनी िविध
अिधकरण िनयम, 2016” शHद4 और अंक4 के Iथान पर “राGीय कंपनी िविध अपील अिधकरण िनयम, 2016” शHद और अंक रखे
जाएंगे ।
3. अनुसूची मF, 1Lप क के उपाबंध मF, मद 5 के पOात् िन>िलिखत अंतःIथािपत (cid:4)कया जाएगा, अथा(cid:13)त्:—
“भाग 2”
डा. एम. एस. साS, अTय(cid:28)
[िवUापन-III/4/असा./495/17]
(cid:29)(cid:29)(cid:29)(cid:29)टटटट((((पपपपणणणण:::: भारतीय (cid:4)दवाला और शोधन अ(cid:28)मता बोड(cid:13) (इनफॉरमेशन यू-टिलटी) िविनयम, 2016, भारत के राजपV, असाधारण, मF अिधसूचना सं.
आई.बी.बी.आई./2016-17/जी.एन./आर.ई.जी.009, तारीख 31 माच(cid:13), 2017 0ारा 1कािशत (cid:4)कए गए थे और तXपOात् इनम F
भारतीय (cid:4)दवाला और शोधन अ(cid:28)मता बोड (cid:13) (इनफॉरमेशन यू-टिलटी) (संशोधन) िविनयम, 2017 0ारा आई.बी.बी.आई./2017-
18/जी.एन./आर.ई.जी.016, तारीख 29 िसतYबर, 2017 0ारा संशोधन (cid:4)कया गया था ।
1876GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART 3—SEC. 4]
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
NOTIFICATION
New Delhi, the 27th March, 2018
Insolvency and Bankruptcy Board of India (Information Utilities (Amendment) Regulation, 2018
IBBI/2017-18/GN/REG 029.—In exercise of the powers conferred by section 196 read with section 240 of the
Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the
following regulations to amend the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017,
namely: —
1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities)
(Amendment) Regulations, 2018.
(2) They shall come into force on the 1st April, 2018.
2. In the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, in regulation 42, for the
words and figures “National Company Law Tribunal Rules, 2016”, the words and figures “National Company Law
Appellate Tribunal Rules, 2016” shall be substituted.
3. In the Schedule, in the Annexure to Form A, after item 5, the following shall be inserted, namely: -
“PART II”.
Dr. M. S. SAHOO, Chairperson
[ADVT.—III/4/Exty./495/17]
Note: The Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 were published in the
Gazette of India, Extraordinary, vide notification No. IBBI/2016-17/GN/REG009 dated 31st March, 2017 and was
subsequently amended by the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment)
Regulations, 2017 vide No. IBBI/2016-17/GN/REG016 dated 29th September, 2017.
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.