Bye-law 25, Insolvency and Bankruptcy Board of India (Manner of Application of The conduct of insolvency resolution) Bye-laws, 2023 [SAY-Q5M]
As at 7 September 2026. In force from 5 March 2023.
Records to be maintained.—Every insolvency professional shall maintain, in Form PAS-3, a record of the conduct of insolvency resolution showing the particulars of every return received, held and disposed of, shall make every entry in the record within forty-five days of the transaction to which it relates, and shall preserve the record for a period of five years from the date of the last entry.
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