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of <h1>Insolvency Professionals Must Uphold Integrity, Avoid Conflicts, Disclose Relationships, and Maintain Confidentiality as per 2016 Regulations</h1> The Code of Conduct for Insolvency Professionals under the Insolvency and Bankruptcy Board of India Regulations, 2016, mandates professionals to maintain integrity, objectivity, independence, and impartiality in their roles. They must avoid conflicts of interest, disclose relationships with stakeholders, and refrain from acquiring debtor assets. Professionals are required to upgrade their skills, represent facts accurately, and adhere to time limits. They must ensure confidentiality, manage information effectively, and avoid undue influence. Restrictions include limits on assignments and prohibitions on employment during assignments. Remuneration should be transparent, and professionals should avoid gifts that compromise independence.
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