Regulation 5, IBBI (Registration of Nominee directors) Regulations, 2019 [S63-FD6]
As at 7 September 2026. In force from 11 February 2019.
Application for registration.—Every nominee director carrying on the representation of a shareholder on a board shall make an application for registration to the Insolvency and Bankruptcy Board in Form ADT-1, within forty-five days of the commencement of these regulations, accompanied by a fee of two hundred rupees and a statement of every register of members held by him on the date of the application, and shall keep a copy of the application and of the statement for thirty days from that date.
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