{"id":5835,"date":"2026-05-18T10:24:30","date_gmt":"2026-05-18T10:24:30","guid":{"rendered":"https:\/\/bhatiabhola.com\/?p=5835"},"modified":"2026-05-18T10:24:34","modified_gmt":"2026-05-18T10:24:34","slug":"ibbi-notification-dated-13-05-2026-amendments-to-ibbi-model-bye-laws-and-governing-board-of-insolvency-professional-agencies-regulations","status":"publish","type":"post","link":"https:\/\/bhatiabhola.com\/index.php\/blog\/2026\/05\/18\/ibbi-notification-dated-13-05-2026-amendments-to-ibbi-model-bye-laws-and-governing-board-of-insolvency-professional-agencies-regulations\/","title":{"rendered":"IBBI Notification Dated 13\/05\/2026 &#8211; Amendments to IBBI Model Bye-Laws and Governing Board of Insolvency Professional Agencies Regulations\u00a0"},"content":{"rendered":"\n<p>The amendments introduce the concept of a nominee director to be appointed by the Board. It also tighten eligibility criteria for independent directors by disqualifying persons associated with sponsoring regulators or serving as independent directors in other IPAs. The reappointment for a second term of independent directors will now require satisfactory performance review by the Governing Board and prior approval of the IBBI.\u00a0<\/p>\n\n\n\n<p><a href=\"https:\/\/ibbi.gov.in\/uploads\/legalframwork\/95cdf4d2f8e8e5e5c8dc5f2a155aca8c.pdf\"><em>(Link: IBBI Notification Dated 13\/05\/2026)<\/em><\/a><em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The amendments introduce the concept of a nominee director to be appointed by the Board. 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