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        IBC

        Regulation 10 - Temporary surrender.

        Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016
        Chapter IV
        ISSUE AND SURRENDER OF AUTHORISATION FOR ASSIGNMENT AND DISCIPLINARY PROCEEDINGS

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        Temporary surrender and authorisation changes require prompt agency notice to the regulator and possible further Board action. Agencies must notify the Board within one working day when they issue, renew, suspend, cancel, revoke suspension of, or accept surrender of an authorisation for assignment, and when they accept membership surrender, expel a member, or record demise or winding up and strike the member from registers; the Board will take note and may, for membership surrender, expulsion or demise/winding up, proceed under regulation 10B if deemed expedient.
                        Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
                          Provisions expressly mentioned in the judgment/order text.

                              Temporary surrender and authorisation changes require prompt agency notice to the regulator and possible further Board action.

                              Agencies must notify the Board within one working day when they issue, renew, suspend, cancel, revoke suspension of, or accept surrender of an authorisation for assignment, and when they accept membership surrender, expel a member, or record demise or winding up and strike the member from registers; the Board will take note and may, for membership surrender, expulsion or demise/winding up, proceed under regulation 10B if deemed expedient.


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