Surrender of registration requires application, public notice, opportunity for objections, and conditional Board approval to ensure member enrolment. The regulations require an insolvency professional agency to apply to the Board for surrender of registration, detailing reasons, pending engagements and winding-up proposals; the Board publishes the application, invites objections, and may approve surrender subject to conditions such as discharge of obligations or continuation of functions to enable members' enrolment with another agency, and will publish a final notice when conditions are satisfied.
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.
Surrender of registration requires application, public notice, opportunity for objections, and conditional Board approval to ensure member enrolment.
The regulations require an insolvency professional agency to apply to the Board for surrender of registration, detailing reasons, pending engagements and winding-up proposals; the Board publishes the application, invites objections, and may approve surrender subject to conditions such as discharge of obligations or continuation of functions to enable members' enrolment with another agency, and will publish a final notice when conditions are satisfied.
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