Law · Insolvency and Bankruptcy Code
The Insolvency and Bankruptcy Board of India (IBBI) is established under the Code as:
- 1A statutory advisory committee
- 2A department directly under the Ministry of Finance
- 3A body corporate with perpetual succession and a common seal✓
- 4An executive wing of the Ministry of Corporate Affairs
Correct answer
A body corporate with perpetual succession and a common seal
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