Annual Compliance Certificate requirement: insolvency professional agencies must file revised certificate annually confirming regulatory compliance. The Board requires registered Insolvency Professional Agencies to have a designated compliance officer submit a revised Annual Compliance Certificate, signed by the compliance officer and managing director, verifying adherence to the Code, Board regulations, circulars and guidelines. The prescribed Annexure and Appendix set out a detailed checklist across Parts A-E addressing member admission, monitoring, grievance and disciplinary processes, governance and bye laws, board composition, managing director appointment, infrastructure, financial thresholds and reporting; the certificate must be filed within forty five days of the financial year end.
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Annual Compliance Certificate requirement: insolvency professional agencies must file revised certificate annually confirming regulatory compliance.
The Board requires registered Insolvency Professional Agencies to have a designated compliance officer submit a revised Annual Compliance Certificate, signed by the compliance officer and managing director, verifying adherence to the Code, Board regulations, circulars and guidelines. The prescribed Annexure and Appendix set out a detailed checklist across Parts A-E addressing member admission, monitoring, grievance and disciplinary processes, governance and bye laws, board composition, managing director appointment, infrastructure, financial thresholds and reporting; the certificate must be filed within forty five days of the financial year end.
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