Section 203 of Insolvency and Bankruptcy Code 2016
Governing Board of insolvency professional agency.
203. The Board may, for the purposes of ensuring that every insolvency pro-fessional agency takes into account the objectives sought to be achieved under this Code, make regulations to specify—
|(a)||the setting up of a governing board of an insolvency professional agency;|
|(b)||the minimum number of independent members to be on the governing board of the insolvency professional agency; and|
|(c)||the number of the insolvency professionals being its members who shall be on the governing board of the insolvency professional agency.|