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You should know that the IBBI is the result of the need of the country to fast track the insolvency resolution process. It is a single body with a single thought that houses every law associated with insolvency and bankruptcy. You can read more about this particular matter through Registrationwala.<br>https://www.registrationwala.com/knowledge-base/insolvency/bankruptcy
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Insolvency and Bankruptcy Board of India (IBBI) Presented By: Registrationwala
What is IBBI? IBBI is Insolvency and Bankruptcy Board of India. It is a single regulatory body whose job is to oversee the processes, the personnel and the adjudicating bodies related to insolvency and bankruptcy.
What Does IBBI Oversee? The Insolvency resolution Professionals. The Insolvency professional agencies. The adjudicating authorities. The information Utility.
The Structure of the IBBI • It is comprised of 10 members ▫ 1 chairman. ▫ 1 member nominated by RBI. ▫ 3 members of central government. ▫ 5 members nominated by central government.
What Entities Do IBBI COVER? Limited Liability Partnerships Partnership Firms Individuals Companies • • • •
Advantages of IBBI • Defragmentation of insolvency and bankruptcy laws. • Fast insolvency resolution. • Different adjudicating authorities.
Contact Us +91-8882-580-580 • support@registrationwala.com • https://www.registrationwala.com/knowledge-base/insolvency/bankruptcy/insolvency-and-bankruptcy-board- of-india