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M Sahoo : Chairman of Insolvency and Bankruptcy Board

MS Sahoo on 1 October 2016 assumed charge as Chairman of Insolvency and Bankruptcy Board of India (IBBI). 
●    The oath of the office was administered by Union Finance and Corporate Affairs Minister Arun Jaitley.
●    Sahoo was recently serving as a member of anti-trust regulator Competition Commission of India (CCI) and was earlier a member at capital markets regulator Securities and Exchange Board of India (SEBI).
●    IBBI is a four-member Board. The members of the IBBI are Ajay Tyagi, Amardeep Singh Bhatia, GS Yadav and Unnikrishnan.
●    The main activity of IBBI is to regulate the functioning of insolvency professionals, insolvency professional agencies and information utilities under the Insolvency and Bankruptcy Code 2016.
●    The Board will be expanded to 10 Members (including the Chairman) in the future.
 

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