The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2026, effective from the date of publication in the Official Gazette. The amendments revise several provisions of the Inspection and Investigation Regulations, 2017. The definition of “Disciplinary Committee” has been modified to provide for a committee consisting of one or more persons as specified, replacing the earlier reference to whole-time members. Corresponding changes have been made in the related proviso. The definition of “service provider” has been aligned with clause (31A) of section 3 of the Insolvency and Bankruptcy Code, 2016. Regulation 13 has been amended to include references to “directions” in addition to actions. Regulation 14 now specifically refers to directions issued by the Disciplinary Committee. The requirement to use “Form A” has been replaced with a format notified by the Board, and Form A has been omitted from the Regulations.
INSOLVENCY AND BANKRUPTCY BOARD OF INDIA
NOTIFICATION
New Delhi, the 1st June, 2026
Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2026
F. No. IBBI/2026-27/GN/REG145.— In exercise of the powers conferred by section 196 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations to further amend the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017, namely:-
1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2026.
(2) They shall come into force on the date of their publication in the Official Gazette.
2. In the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017, (hereinafter referred to as ‘the principal regulations’), in sub-regulation (1) of regulation 2:-
i. In clause (c), for the words “of whole time member(s) constituted by the Board” the words “consisting of one or more persons as provided” shall be substituted.
ii. In the proviso to clause (c), for the words and the marks “whole time member(s)” the word and the marks “person(s)” shall be substituted.
iii. In clause (j), for the words “means insolvency professional agency, insolvency professional, insolvency professional entity or information utility” the words, marks and numerical “shall have the same meaning as assigned in clause (31A) of section 3 of the Code” shall be substituted.
3. In the principal regulations, in clause (c) of sub-regulation (3) of regulation 13, after the words “any of the actions” the words “or directions” shall be inserted.
4. In the principal regulations, in sub-regulation (1) of regulation 14, after the words “direction has been issued” the words “by the Disciplinary Committee” shall be inserted.
5. In the principal regulations, in sub-regulation (3) of regulation 14, for the words “Form A” the words “such format as notified by the Board” shall be substituted.
6. In the principal regulations, after Chapter V, “Form A” shall be omitted.
RAVI MITAL, Chairperson
[ADVT.-III/4/Exty./134/2026-27]
Note: The Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017 were published vide Notification No. IBBI/2017-18/GN/REG011 on 12th June, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 239 dated 14th June, 2017 and were last amended by the Insolvency and Bankruptcy Board of India (Inspection and Investigation) (Amendment) Regulations, 2025 published vide Notification No. IBBI/2024-25/GN/REG118, dated the 28th January, 2025 in the Gazette of India, Extraordinary, Part III, Section 4, No. 79 on 29th January, 2025.
