Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017, as originally notified vide Notification No. IBBI/2017-18/GN/REG011 dated June 12, 2017, have been amended by the IBBI (Inspection and Investigation) Amendment Regulations, 2026 vide Notification No. IBBI/2026-27/GN/REG145 dated June 1, 2026, with effect from June 2, 2026.

Following changes have been made to the IBBI (Inspection and Investigation) Regulations, 2017:

Regulation 2(1)(c) — Definition of “Disciplinary Committee”: In the definition of “Disciplinary Committee”, the words “of whole-time member(s) constituted by the Board” have been substituted with the words “consisting of one or more persons as provided”. Consequentially, in the proviso to this definition, the word “whole time member(s)” has been substituted with “person(s)”. The Explanation to this regulation, which defines the meaning of “associated” as involvement in the conduct of investigation or inspection or consideration of the investigation or inspection report or issuance of show cause notice, remains unchanged.

Regulation 2(1)(j) — Definition of “service provider”: The existing definition, which read “means insolvency professional agency, insolvency professional, insolvency professional entity or information utility”, has been substituted with the words “shall have the same meaning as assigned in clause (31A) of section 3 of the Code”.

Regulation 13(3)(c) — Disposal of Show-cause notice: In sub-regulation (3) of regulation 13, in clause (c), the words “or directions” have been inserted after the word “actions”. The amended clause now reads: “any of the actions or directions under sub-sections (2), (3) and (4) of section 220”.

Regulation 14(1) — Restitution: In sub-regulation (1) of regulation 14, the words “by the Disciplinary Committee” have been inserted after the words “a direction has been issued”. The sub-regulation now specifies that where a direction has been issued by the Disciplinary Committee to any person to disgorge an amount under sub-section (4) of section 220, the Board shall endeavour to realize the amount of disgorgement expeditiously.

Regulation 14(3) — Form for filing claims: In sub-regulation (3) of regulation 14, the reference to “Form A” has been substituted with the words “such format as notified by the Board”. Consequentially, Form A, which was appended to the regulations under regulation 14(3), has been omitted. The omitted Form A contained a structured claim format under section 220(4) of the Code, requiring details of the claimant’s name, address, identity, Aadhaar number, PAN, bank account details, explanation of loss, and computation of loss, along with a verification clause.

The amendment impacts all service providers as defined under clause (31A) of section 3 of the Code, and all associated persons as defined in the regulations.