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          <h1>Insolvency Professional Agency Surrender Process: Regulation 7 Details Submission, Objections, and Board Approval Requirements</h1> Regulation 7 of the Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) Regulations, 2016 outlines the process for an insolvency professional agency to surrender its registration. The agency must submit an application to the Board detailing reasons for surrender, pending engagements, ongoing activities, and plans for winding up. The Board will publish a notice and invite objections within a specified period. After reviewing objections, the Board may approve the surrender with conditions, such as fulfilling obligations or continuing functions temporarily. Upon compliance, the Board will announce the effective surrender of registration on its website.

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