UPDATES

IBBI:

The Insolvency and Bankruptcy Board of India has granted registration to the following two Section 8 (not-for-profit) Companies to act as Insolvency Professional Agencies (IPAs) under the IBBI (Insolvency Professional Agencies) Regulations, 2016:

1.      Indian Institute of Insolvency Professionals of ICAI, and

2.      ICSI Insolvency Professionals Agency.

Shri Arun Jaitley, Hon’ble Minister for Finance and Corporate Affairs handed over certificates of registration to these two Insolvency Professional Agency Companies. The IPAs can start enrolling the Professional Members from 29^th November, 2016. This takes one step closer to implementation of the Insolvency and Bankruptcy Code, 2016.

SEBI:

The Securities and Exchange Board of India has amended the Securities and Exchange Board of India (Infrastructure Investment Trusts) Regulations, 2014. These regulations may be called the Securities and Exchange Board of India (Infrastructure Investment Trusts) (Amendment) Regulations, 2016. They shall come into force on the date of their publication in the Official Gazette.