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of <h1>Insolvency Professionals Regulations Updated: Extension of Professional Eligibility Period from 12 to 24 Months Under IBC</h1> The Insolvency and Bankruptcy Board of India issued an amendment to its 2016 Insolvency Professionals Regulations, specifically modifying regulation 5(a) by changing the term 'twelve' to 'twenty-four'. The amendment was made under sections 196, 207, and 240 of the Insolvency and Bankruptcy Code, 2016, and will take effect upon publication in the Official Gazette.
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