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of <h1>Eligibility Criteria for Insolvency Professionals: Key Requirements Under Regulation 4 of 2016 Regulations Explained</h1> Regulation 4 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, outlines the eligibility criteria for registration as an insolvency professional. Individuals are ineligible if they are minors, non-residents of India, lack specified qualifications, have recent criminal convictions, are undischarged insolvents, or have been declared of unsound mind. Additionally, individuals must be deemed fit and proper, considering integrity, reputation, and financial competence. Insolvency professional entities are also subject to these criteria, including the fitness of their partners or directors. Recent amendments have re-numbered and inserted specific provisions.
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