<h1>Authorisation for Assignment requirement: insolvency professionals must hold agency-issued authorisation before undertaking insolvency assignments.</h1> The amendments require an insolvency professional to hold an agency issued Authorisation for Assignment before undertaking any assignment under the Code and prohibit holding employment while authorised or engaged on an assignment; registration during employment is permitted but employment must be discontinued to obtain the authorisation. They impose a one year restriction after conducting a corporate insolvency resolution process on employment or providing non Code services to significant creditors, successful resolution applicants, the corporate debtor or related parties, and bar appointing relatives or related parties to assignment related work. Agencies must issue/renew authorisations per bye laws and age limits for eligibility are prescribed.