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of <h1>Insolvency Professionals Must Notify Board Within One Day of Authorization Changes Under Regulation 10</h1> Regulation 10 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, outlines the procedures for the issuance and surrender of authorizations for assignments and disciplinary proceedings. An insolvency professional agency must inform the Board within one working day when it issues, renews, suspends, cancels, or revokes an authorization for assignment, or when it accepts the surrender of an authorization or membership. The Board takes note of such actions and may proceed according to regulation 10B in specific cases such as expulsion, death, or dissolution of a member's firm.
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