This notification, dated October 1, 2016, from the Ministry of Corporate Affairs, establishes the Insolvency and Bankruptcy Board of India (IBBI). Notification S.O. 3110(E) designates October 1, 2016, as the date of establishment for the IBBI, as per Section 188, subsections 1 and 3 of the Insolvency and Bankruptcy Code, 2016. The head office of the IBBI will be located in New Delhi.
Additionally, Notification S.O. 3111(E) appoints Sh. Madhu Sudan Sahoo as Chairperson of the IBBI, effective from October 1, 2016. The term of appointment is for five years, up to the age of sixty-five years, or until further orders, whichever is earliest, as per section 189 of the Insolvency and Bankruptcy Code, 2016.
Both notifications were issued under F. No. 30/22016-Insolvency Section and signed by Amardeep Singh Bhatia, Joint Secretary.
Key Entities Referenced
Ministry of Corporate Affairs: The ministry issuing the notification.
New Delhi: The location where the notification is issued; likely the head office of the Ministry of Corporate Affairs; also location of Insolvency and Bankruptcy Board of India head office.
Insolvency and Bankruptcy Code, 2016: The act under which the powers are conferred for the appointments and establishment.
Insolvency and Bankruptcy Board of India: The board being established as per the notification.
1st October, 2016: The date of establishment of the Insolvency and Bankruptcy Board of India and the date from which Sh. Madhu Sudan Sahoo is appointed as Chairperson.
Madhu Sudan Sahoo: Appointed as Chairperson of the Insolvency and Bankruptcy Board of India.
AMARDEEP SINGH BHATIA: Jt. Secy. - Likely the Joint Secretary issuing the notification.
Mayapuri, New Delhi: Location of Government of India Press
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PART II—Section 3—Sub-section (ii)
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No. 2387] NEW DELHI, SATURDAY, OCTOBER 1, 2016/ASVINA 9, 1938
कारपोरेट काय (cid:6981)म(cid:7074)ं ालय
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 1 अ(cid:6989) तूबर, 2016
का.आ. 3110(अ).– के(cid:7008)(cid:7076)ीय सरकार, (cid:7408)दवाला और शोधन अ(cid:6979)मता संिहता, 2016 (2016 का 31) क(cid:7409) धारा 188
क(cid:7409) उपधारा (1) और उपधारा (3) (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए तारीख 01 अ(cid:7334)ूबर, 2016 को भारतीय (cid:7408)दवाला
और शोधन अ(cid:6979)मता बोड (cid:6981) क(cid:7409) (cid:7021)थापना क(cid:7409) तारीख के (cid:7272)प म (cid:7286) िनयत करती ह।ै भारतीय (cid:7408)दवाला और शोधन अ(cid:6979)मता बोड (cid:6981) का
मु(cid:6990)यालय नई (cid:7408)द(cid:7016)ली म(cid:7286) होगा।
[फा.सं. 30/2/2016-इंसो(cid:7016)व(cid:7286)सी अनुभाग]
अमरदीप (cid:7410)सह भा(cid:7407)टया, संयु(cid:7334) सिचव
MINISTRY OF CORPORATE AFFAIRS
NOTIFICATION
New Delhi, the 1st October, 2016
S.O. 3110(E).-In exercise of the powers conferred by sub-section (1) and (3) of section 188 of the Insolvency
and Bankruptcy Code, 2016 (31 of 2016), the Central Government hereby appoints 01st October, 2016 as the date of
establishment of Insolvency and Bankruptcy Board of India. The head office of the Insolvency and Bankruptcy Board of
India shall be at New Delhi.
[F. No. 30/2/2016-Insolvency Section]
AMARDEEP SINGH BHATIA, Jt. Secy.
4683 GI/2016 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)]
अिधसचू ना
नई (cid:7408)द(cid:7016)ली, 1 अ(cid:6989) तूबर, 2016
का.आ. 3111(अ).–के(cid:7008)(cid:7076)ीय सरकार, (cid:7408)दवाला और शोधन अ(cid:6979)मता संिहता, 2016 (2016 का 31) क(cid:7409)
धारा 189 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े (cid:7263)ए (cid:7088)ी मधु सूदन सा(cid:7264) को, भारतीय (cid:7408)दवाला और शोधन अ(cid:6979)मता
बोड (cid:6981) के अ(cid:7007)य(cid:6979) के (cid:7272)प म(cid:7286) 01 अ(cid:7334)ूबर, 2016 से अथात(cid:6981) ् काय(cid:6981)भार (cid:7061)हण करने क(cid:7409) तारीख से पांच वष(cid:6981) क(cid:7409) अविध के
िलए य़ा प(cid:7289)सठ वष(cid:6981) क(cid:7409) आयु होने तक या अगले आदशे तक, इनम(cid:7286) जो भी पहले हो, िनय(cid:7334)ु करती ह।ै
[फा.सं. 30/2/2016-इंसो(cid:7016)व(cid:7286)सी अनुभाग]
अमरदीप (cid:7410)सह भा(cid:7407)टया, संयु(cid:7334) सिचव
NOTIFICATION
New Delhi, the 1st October, 2016
S.O. 3111(E).—In exercise of the powers conferred by section 189 of the Insolvency and Bankruptcy Code,
2016 (31 of 2016), the Central Government hereby appoints Sh. Madhu Sudan Sahoo, as Chairperson of the Insolvency
and Bankruptcy Board of India with effect from 1st October, 2016 i.e. date of assumption of the charge for a period of
five years or upto sixty-five years of age or until further orders, whichever is the earlier.
[F. No. 30/2/2016-Insolvency Section]
AMARDEEP SINGH BHATIA, Jt. Secy.
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.