Recognition as insolvency professional entity requires prescribed eligibility, documentation, and an undertaking to comply with the Code. Application for recognition as an insolvency professional entity under regulation 12 requires submission of FORM C by an authorised representative, disclosing entity identity, constitution, registration and tax identifiers, and full particulars of directors or partners. Eligibility proof must include net worth certified by a Chartered Accountant, corresponding financial statements, details of shareholding or capital contributions, and declarations about prior derecognition or disciplinary proceedings. The authorised signatory must affirm eligibility, accuracy of information, and undertake compliance with the Insolvency and Bankruptcy Code and related regulations; specified attachments include constitutional documents, registration certificates, net worth certificate, financials, and proof of fee payment.
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Provisions expressly mentioned in the judgment/order text.
Recognition as insolvency professional entity requires prescribed eligibility, documentation, and an undertaking to comply with the Code.
Application for recognition as an insolvency professional entity under regulation 12 requires submission of FORM C by an authorised representative, disclosing entity identity, constitution, registration and tax identifiers, and full particulars of directors or partners. Eligibility proof must include net worth certified by a Chartered Accountant, corresponding financial statements, details of shareholding or capital contributions, and declarations about prior derecognition or disciplinary proceedings. The authorised signatory must affirm eligibility, accuracy of information, and undertake compliance with the Insolvency and Bankruptcy Code and related regulations; specified attachments include constitutional documents, registration certificates, net worth certificate, financials, and proof of fee payment.
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