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of <h1>India's 2019 Amendment Extends Age Limit for Insolvency Roles and Updates Authorisation Criteria for Professionals.</h1> The Insolvency and Bankruptcy Board of India issued the 2019 amendment to the Model Bye-Laws and Governing Board of Insolvency Professional Agencies Regulations, 2016. The amendment extends the maximum age for certain roles from seventy to seventy-five years and introduces new definitions and clauses related to 'authorisation for assignment.' It outlines eligibility criteria for professional members to obtain or renew such authorisation, including registration, fitness, and compliance requirements. The amendment also addresses the suspension and surrender of authorisation, stipulating conditions under which authorisation is suspended or surrendered and detailing the application process for these actions.
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