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        IBC

        Clarifications with respect to Temporary Surrender of Professional Membership

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        Temporary surrender of professional membership ceases to exist, replaced by Authorisation for Assignment under IBBI model bye laws. Temporary surrender of professional membership under the model bye laws no longer operates following substitution of the relevant bye law provision; the introduced Authorisation for Assignment replaces that mechanism as the governing regulatory arrangement for insolvency professionals.
                          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.

                                Temporary surrender of professional membership ceases to exist, replaced by Authorisation for Assignment under IBBI model bye laws.

                                Temporary surrender of professional membership under the model bye laws no longer operates following substitution of the relevant bye law provision; the introduced Authorisation for Assignment replaces that mechanism as the governing regulatory arrangement for insolvency professionals.


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