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of <h1>Insolvency Professional Agency Bye-Laws: Structure, Ethics, Membership, and Grievance Management as per 2016 Regulations</h1> The Model Bye-Laws of an Insolvency Professional Agency, as per the Insolvency and Bankruptcy Board of India Regulations, 2016, outline the structure and functions of such agencies. These include maintaining high ethical standards, ensuring compliance with the Insolvency and Bankruptcy Code, and promoting professional development. The agency is responsible for enrolling professional members, monitoring their conduct, and managing grievances and disciplinary actions. It establishes various committees for advisory, monitoring, and grievance redressal purposes. The bye-laws also detail the process for membership enrolment, fees, and the maintenance of a register of members, along with provisions for disciplinary proceedings and membership surrender or expulsion.
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