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of <h1>Regulation 34A mandates detailed disclosure of insolvency resolution costs by professionals to ensure transparency in the process.</h1> Regulation 34A of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 mandates that the interim resolution professional or resolution professional must disclose itemized insolvency resolution process costs as required by the Board. This provision was inserted in 2018 to ensure transparency in the disclosure of costs associated with the insolvency resolution process.
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