Eligibility for insolvency professional agencies: corporate form, governance, net worth and ownership restrictions imposed by amendment. Registration requires an entity to be a Section 8 company with sole object to act as an insolvency professional agency, to adopt model bye laws and governance, to meet minimum net worth and paid up capital thresholds, and for the applicant, promoters, directors and shareholders to be fit and proper, with the Board considering integrity, criminal and restraint history and financial competence.