IBBI (Insolvency Professional Agencies) (Amendment) Regulations, 2018

The amendment has been made w.r.t criteria of holding of share capital of an IPA by different persons. Post- amendment, the criteria is that no person shall at any time, directly or indirectly, either individually or together with persons acting in concert, acquire or hold more than 5% of the paid-up equity share capital in an IPA.
However, certain entities, namely, a stock exchange, depository, banking company, insurance company, public financial institution and multilateral financial institution may, acquire or hold, directly or indirectly, either individually or together with persons acting in concert, up to 15%. Further, the Central Government, a State Government and statutory regulator may acquire or hold, directly or indirectly, up to 100%.