The Board may, for the purposes of ensuring that every insolvency professional 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.
Insolvency and Bankruptcy Code 2016
Section 201 Registration of insolvency professional agency
Section 202 Appeal to National Company Law Appellate Tribunal
Section 203 Governing Board of insolvency professional agency
Section 204 Functions of insolvency professional agencies
Section 205 Insolvency professional agencies to make bye-laws
Section 206 Enrolled and registered persons to act as insolvency professionals
Section 207 Registration of insolvency professionals
Section 208 Functions and obligations of insolvency professionals
Section 209 No person to function as information utility without certificate of registration