Assignment of insolvency professionals: agency authorisation and Board registration govern eligibility and roles under the Code. The Regulations define core terms for insolvency professionals: assignment (appointments in various insolvency roles), authorisation for assignment (agency-issued permission per bye laws), certificate of registration (Board granted under the Code), and professional member (an individual or recognised insolvency professional entity enrolled with an agency). Other institutional definitions identify professional institutes and the Bar Council, and undefined terms derive their meaning from the Code; certain definitions have been amended by notifications.
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Provisions expressly mentioned in the judgment/order text.
Assignment of insolvency professionals: agency authorisation and Board registration govern eligibility and roles under the Code.
The Regulations define core terms for insolvency professionals: assignment (appointments in various insolvency roles), authorisation for assignment (agency-issued permission per bye laws), certificate of registration (Board granted under the Code), and professional member (an individual or recognised insolvency professional entity enrolled with an agency). Other institutional definitions identify professional institutes and the Bar Council, and undefined terms derive their meaning from the Code; certain definitions have been amended by notifications.
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