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of <h1>SEBI Sets Guidelines for Appointing Insolvency Professionals as Administrators with IBBI, Panel Updated Biannually.</h1> The Securities and Exchange Board of India (SEBI) has established guidelines for appointing Insolvency Professionals (IPs) as Administrators under the 2018 regulations. In collaboration with the Insolvency and Bankruptcy Board of India (IBBI), SEBI will use a panel of IPs, updated every six months, to ensure effective implementation. Eligible IPs must express interest and meet specific criteria, including no pending disciplinary actions and holding a valid Authorisation for Assignment. The selection process involves evaluating IPs based on ongoing and completed insolvency processes. These guidelines are effective from October 1, 2020, and will be reviewed periodically.
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