https://www.taxtmi.com/news?id=16918 The IBBI notified two regulations prescribing eligibility norms and governance requirements for Insolvency Professional Agencies and professional members. Eligible agencies must satisfy a minimum net worth requirement, restrict the share of insolvency professionals on their boards while ensuring a majority of independent directors, adopt model bye-laws, and constitute Membership, Monitoring, Grievance Redressal, and Disciplinary Committees to regulate enrollment, oversight, complaints, and disciplinary processes. en-us Wed, 23 Nov 2016 12:52:26 +0530 Wed, 23 Nov 2016 12:52:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=16918 The IBBI notified two regulations prescribing eligibility norms and governance requirements for Insolvency Professional Agencies and professional members. Eligible agencies must satisfy a minimum net worth requirement, restrict the share of insolvency professionals on their boards while ensuring a majority of independent directors, adopt model bye-laws, and constitute Membership, Monitoring, Grievance Redressal, and Disciplinary Committees to regulate enrollment, oversight, complaints, and disciplinary processes. News - Wed, 23 Nov 2016 12:52:26 +0530 https://www.taxtmi.com/news?id=16918