MoU Between IBBI & SEBI for Better Implementation of IBC (Download PDF)

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IBBI & SEBI signed a MoU pursuing effective implementation of Insolvency and Bankruptcy Code, 2016 (Code) with its redefined rules & regulations of debt-equity relationship. MoU aiming to promote entrepreneurship & debt market. The MoU was signed by Executive Director, SEBI and Executive Director, IBBI.

Image of Journey of IBC code 2016

Image of Journey of IBC Code 2016

Image of Journey of IBC code 2016

IPC Code 2016:

Image of IPC Code 2016

Image of IPC Code 2016

Image of IPC Code 2016

MoU Provides For:

  • Sharing of information, resources available between two parties, Periodic meetings, cross training of employees.

  • Enhancing the awareness level of financial creditors about the importance and necessity of swift insolvency resolution process of various types of borrowers in distress under the provisions of the Code, etc.

About IBBI

  • Established on 1st October, 2016 under Insolvency and Bankruptcy Code, 2016 (Code)

  • Headquarters- New Delhi

  • It writes & implements rules for processes such as:

  • Corporate insolvency resolution

  • Corporate liquidation

  • Individual insolvency resolution

  • Individual bankruptcy

  • It is designated as the ‘Authority’ under the Companies (Registered Valuers & Valuation Rules), 2017 for regulation & development of the profession of valuers in the country

About SEBI

  • Securities & Exchange Board of India – Established on April 12,1992 in accordance with the Securities & Exchange Board of India Act 1992.

  • Headquarter – Mumbai

  • Functions of SEBI:

  • To protect the investors’ interests in securities

  • To promote, develop and regulate the securities market in India

  • To regulate the mutual funds in India

- Published/Last Modified on: June 19, 2019

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