Regulation 10B - Special procedure for action on surrender, expulsion, etc.
Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 Chapter IV ISSUE AND SURRENDER OF AUTHORISATION FOR ASSIGNMENT AND DISCIPLINARY PROCEEDINGS
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Cancellation of registration may follow notice and submissions; heirs must deliver records after deemed cancellation. The Board may issue a notice on specified information and require written submissions; after submissions the Board may cancel registration or direct completion of ongoing assignments and pending compliances, and must communicate its decision within a set timeframe. Where specified information applies, registration is deemed cancelled from the date of demise, winding up or dissolution, and legal heirs or assignees must deliver records, documents and assets in custody as required or as directed by the Board.
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.
Cancellation of registration may follow notice and submissions; heirs must deliver records after deemed cancellation.
The Board may issue a notice on specified information and require written submissions; after submissions the Board may cancel registration or direct completion of ongoing assignments and pending compliances, and must communicate its decision within a set timeframe. Where specified information applies, registration is deemed cancelled from the date of demise, winding up or dissolution, and legal heirs or assignees must deliver records, documents and assets in custody as required or as directed by the Board.
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