Question

The Insolvency and Bankruptcy Board of India (IBB

  • I celebrated its 8th Annual Day on 1st October 2024. Which of the following is a key mandate of IBBI as it plays a crucial role in the insolvency and bankruptcy resolution framework in India?
A Part-regulating all financial institutions involved in banking and insurance.
B Overseeing the resolution of insolvencies of individuals, companies, and partnerships.
C Implementing regulations for non-banking financial institutions (NBFCs) under the Ministry of Finance.
D Monitoring and managing the Public Provident Fund (PPF) for government employees.
E Governing tax-related disputes between corporates and the Income Tax Department.
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