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of <h1>IBBI Mandates Compliance Officer for Insolvency Agencies; Annual Certificate Submission Required Under Insolvency and Bankruptcy Code, 2016.</h1> The Insolvency and Bankruptcy Board of India (IBBI) issued a circular requiring all registered Insolvency Professional Agencies (IPAs) to appoint a compliance officer responsible for ensuring adherence to the Insolvency and Bankruptcy Code, 2016, and associated regulations. The compliance officer must submit an annual compliance certificate to the IBBI, verifying the IPA's adherence to the Code and related directives. The circular introduces a revised format for this certificate, which must be submitted within 45 days following the financial year's end. The circular is issued under the authority of specific sections of the Insolvency and Bankruptcy Code, 2016.
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