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of <h1>Section 199 mandates valid registration for insolvency professional agencies to ensure regulatory compliance and professional standards.</h1> Under the Insolvency and Bankruptcy Code, 2016, specifically Section 199, no entity is permitted to operate as an insolvency professional agency or enroll insolvency professionals as members without obtaining a valid certificate of registration from the designated Board. This requirement ensures that only authorized agencies can function in this capacity, maintaining regulatory oversight and professional standards within the insolvency sector. This provision came into effect on November 15, 2016.
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