Registration of insolvency professionals requires Board satisfaction, ongoing conduct obligations, continuing education and periodic fee and reporting compliance. The Board grants a certificate of registration within thirty days if the applicant meets eligibility after any inspection or inquiry; registration is conditional on abiding by the Code and bye laws, continuing to satisfy Regulation 4, undergoing continuing professional education, and not outsourcing duties except as permitted. Registrants must comply with five year and annual fee obligations (including a percentage based annual fee with prescribed statements), quarterly fees linked to corporate insolvency processes, maintain assignment records for three years, ensure grievance redressal, follow the Code of Conduct, and allow only authorised partners or directors to act for an insolvency professional entity.
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Registration of insolvency professionals requires Board satisfaction, ongoing conduct obligations, continuing education and periodic fee and reporting compliance.
The Board grants a certificate of registration within thirty days if the applicant meets eligibility after any inspection or inquiry; registration is conditional on abiding by the Code and bye laws, continuing to satisfy Regulation 4, undergoing continuing professional education, and not outsourcing duties except as permitted. Registrants must comply with five year and annual fee obligations (including a percentage based annual fee with prescribed statements), quarterly fees linked to corporate insolvency processes, maintain assignment records for three years, ensure grievance redressal, follow the Code of Conduct, and allow only authorised partners or directors to act for an insolvency professional entity.
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