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of <h1>Regulation 7: Guidelines for Insolvency Professional Registration, Compliance, Duties, and Conduct in India</h1> Regulation 7 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, outlines the process for granting a certificate of registration to insolvency professionals. The Board may issue the certificate within 30 days of receiving an application, provided the applicant meets eligibility criteria. Registered professionals must comply with the Code, rules, and guidelines, undergo continuing education, and pay requisite fees. They must not outsource duties unless permitted, maintain records for three years, and adhere to a code of conduct. Additional conditions include grievance redressal and obtaining Board permission for agency changes.
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