In a first of its kind effort by a regulator, the Insolvency and Bankruptcy Board of India (IBBI) is working on a draft proposal to review and monitor its own regulatory process.
Having been mandated by the statute to form advisory committees and take stakeholder views, the country's newest regulator is also looking to implement a plan where a certain part of the year would be set aside for receiving public comments.
"In the next two months or so, we will come out with a draft about how to make regulations and that would be in public domain," said MS

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