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Core Purpose

The Insolvency and Bankruptcy Board of India makes regulations to further amend the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017.

Detailed Summary

The Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2026, were made by the Insolvency and Bankruptcy Board of India on 1st June, 2026, under powers conferred by section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016). These regulations, titled the Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2026, shall come into force on the date of their publication in the Official Gazette. They amend the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 ('the principal regulations') by substituting specific phrases: in sub-regulation (1) of regulation 2, clause (c) now refers to a committee "consisting of one or more persons as provided" instead of "of whole time member(s) constituted by the Board", and its proviso substitutes "person(s)" for "whole time member(s)"; in clause (j), the definition of "insolvency professional agency, insolvency professional, insolvency professional entity or information utility" is replaced with "shall have the same meaning as assigned in clause (31A) of section 3 of the Code". Additionally, "or directions" is inserted after "any of the actions" in clause (c) of sub-regulation (3) of regulation 13. In sub-regulation (1) of regulation 14, "by the Disciplinary Committee" is inserted after "direction has been issued". Sub-regulation (3) of regulation 14 now states "such format as notified by the Board" instead of "Form A", and "Form A" itself is omitted after Chapter V of the principal regulations. The original 2017 regulations were published vide Notification No. IBBI/2017-18/GN/REG011 on 12th June, 2017, in the Gazette of India, Extraordinary, Part III, Section 4, No. 239 dated 14th June, 2017, and were last amended by Notification No. IBBI/2024-25/GN/REG118, dated 28th January, 2025, published on 29th January, 2025. The notification is signed by Ravi Mital, Chairperson.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-03062026-273083 EXTRAORDINARY PART III—Section 4 PUBLISHED BY AUTHORITY No. 364] NEW DELHI, TUESDAY, JUNE 2, 2026/JYAISTHA 12, 1948 3949 GI/2026 (1) INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 1st June, 2026 Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2026 F. No. IBBI/2026-27/GN/REG145.— 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 further amend the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017, namely:- 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2026. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017, (hereinafter referred to as 'the principal regulations'), in sub-regulation (1) of regulation 2:- (i) In clause (c), for the words "of whole time member(s) constituted by the Board" the words "consisting of one or more persons as provided" shall be substituted. (ii) In the proviso to clause (c), for the words and the marks “whole time member(s)" the word and the marks "person(s)" shall be substituted. (iii) In clause (j), for the words "means insolvency professional agency, insolvency professional, insolvency professional entity or information utility" the words, marks and numerical “shall have the same meaning as assigned in clause (31A) of section 3 of the Code” shall be substituted. 3. In the principal regulations, in clause (c) of sub-regulation (3) of regulation 13, after the words "any of the actions" the words "or directions" shall be inserted. 4. In the principal regulations, in sub-regulation (1) of regulation 14, after the words “direction has been issued" the words "by the Disciplinary Committee” shall be inserted. 5. In the principal regulations, in sub-regulation (3) of regulation 14, for the words "Form A" the words "such format as notified by the Board" shall be substituted. 6. In the principal regulations, after Chapter V, “Form A” shall be omitted. RAVI MITAL, Chairperson [ADVT.-III/4/Exty./134/2026-27] Note: The Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 were published vide Notification No. IBBI/2017-18/GN/REG011 on 12th June, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 239 dated 14th June, 2017 and were last amended by the Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2025 published vide Notification No. IBBI/2024- 25/GN/REG118, dated the 28th January, 2025 in the Gazette of India, Extraordinary, Part III, Section 4, No. 79 on 29th January, 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. Digitally signed by KUMER CHAND KUMER CHAND MEENA MEENA Date: 2026.06.03 10:59:42 +05'30'

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