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    <description>An insolvency professional agency must hold a Board-issued certificate of registration to enroll members; the Board shall register agencies applying in prescribed form after considering principles promoting professional development, competence, ethics and stakeholder protection; registration may be renewed, suspended or cancelled for false statements, non-compliance or contraventions subject to hearing; agencies must adopt Board-approved bye-laws and perform functions including member admission, setting and monitoring professional standards, governance by a prescribed governing board, disciplinary procedures and grievance redressal.</description>
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