Public comments sought by Oct 28
New Delhi, October 9:
The Centre is moving ahead full throttle to implement an effective insolvency and bankruptcy regime, which is expected to help improve Indias ease of doing business ranking.
On the heels of setting up an Insolvency and Bankruptcy Board of India (IBBI), the Centre has framed three draft regulations around the Insolvency and Bankruptcy Code, which is being seen as an important area of economic reform.
The three draft regulations related to registration of insolvency professionals; registration of insolvency professional agencies (IPAs) and also the model bye-laws for IPAs.There is concerted effort on part of the Centre to quickly put in place the necessary framework, of…
Read the full article at: http://www.thehindubusinessline.com/economy/centre-issues-three-draft-insolvency-regulations/article9204457.ece
