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of <h1>IBBI Rescinds Redundant Circulars; Key Rules Integrated into Existing Insolvency Regulations for Professionals.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has reviewed and decided to rescind several circulars that are now redundant due to their inclusion in existing regulations. These circulars, listed in an annexure, cover various directives for Insolvency Professionals (IPs), including the use of registration numbers, compliance with laws, non-outsourcing of responsibilities, fee structures, disclosure requirements, confidentiality, membership surrender, and disciplinary proceedings. The circulars have been integrated into the Insolvency Professionals Regulations, Model Bye-Laws Regulations, and Information Utilities Regulations, thus eliminating the need for separate circulars.
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