(1) In these Regulations, unless the context otherwise requires- 2[(a) “Board” means the Insolvency and Bankruptcy Board of India established under section 188 of the Code;] 3[(aa) “Code” means the Insolvency and Bankruptcy Code, 2016 (31 of 2016);] (b) “Governing Board” means the Board of Directors, as defined under section 2(10) of Companies Act, 2013 (18 of 2013), of the company registered as an insolvency professional agency; (c) “model bye-laws” means the model bye-laws as contained in the Schedule to these Regulations. 1 Vide Notification No. IBBI/2016-17/GN/REG001, dated 21st November, 2016, published in Gazette of India, Extraordinary, Part III, Sec.4, vide No. 421, dated 22nd November, 2016 (w.e.f. 22.11.2016). 2 Inserted by Notification No. IBBI/2018-19/GN/REG35, dated 11th October, 2018 (w.e.f. 11-10-2018). 3 Renumbered by Notification No. IBBI/2018-19/GN/REG35, dated 11th October, 2018 (w.e.f. 11-10-2018). Before renumbered, it stood as under: “(a) “Code” means the Insolvency and Bankruptcy Code, 2016 (31 of 2016).”
(2) Unless the context otherwise requires, words and expressions used and not defined in these Regulations shall have the meanings assigned to them in the Code.