(1) With effect from such date as the Central Government may, by notification, appoint, there shall be established, for the purposes of this Code, a Board by the name of the Insolvency and Bankruptcy Board of India.
(2) The Board shall be a body corporate by the name aforesaid, having perpetual succession and a common seal, with power, subject to the provisions of this Code, to acquire, hold and dispose of property, both movable and immovable, and to contract, and shall, by the said name, sue or be sued.
(3) The head office of the Board shall be at such place in the National Capital Region, as the Central Government may, by notification, specify.
Explanation.-For the purposes of this section, the expression "National Capital Region" shall have the same meaning as assigned to it in clause (f) of section 2 of the National Capital Region Planning Board Act, 1985.
(4) The Board may establish offices at other places in India.
Insolvency and Bankruptcy Code 2016
Section 181 Appeal to Debt Recovery Appellate Tribunal
Section 182 Appeal to Supreme Court
Section 183 Expeditious disposal of applications
Section 184 Punishment for false information, etc., by creditor in insolvency resolution process
Section 185 Punishment for contravention of provisions
Section 186 Punishment for false information, concealment, etc., by bankrupt
Section 187 Punishment for certain actions
Section 188 Establishment and incorporation of Board
Section 189 Constitution of Board