https://www.taxtmi.com/article/detailed?id=7109 Regulatory framework prescribes eligibility, application, approval, renewal, surrender and disciplinary procedures for insolvency professional agencies. Eligibility requires a not for profit corporate form with sole object as an agency, prescribed governance and financial thresholds, limits on foreign control and a fit and proper test for the entity and key persons. The Board processes applications on specified forms, may seek clarifications, grant registration within a set period subject to cure time exclusions, and impose conditions. Disciplinary process involves show cause notices, a Disciplinary Committee and potential directions including penalties, suspension or cancellation with transitional obligations; appeals lie to the Tribunal. In principle approval for prospective agencies is available subject to fit and proper assessment and conditions. en-us Tue, 06 Dec 2016 09:53:07 +0530 Tue, 06 Dec 2016 09:53:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7109 Regulatory framework prescribes eligibility, application, approval, renewal, surrender and disciplinary procedures for insolvency professional agencies. Eligibility requires a not for profit corporate form with sole object as an agency, prescribed governance and financial thresholds, limits on foreign control and a fit and proper test for the entity and key persons. The Board processes applications on specified forms, may seek clarifications, grant registration within a set period subject to cure time exclusions, and impose conditions. Disciplinary process involves show cause notices, a Disciplinary Committee and potential directions including penalties, suspension or cancellation with transitional obligations; appeals lie to the Tribunal. In principle approval for prospective agencies is available subject to fit and proper assessment and conditions. Articles Corporate Laws / IBC / SEBI Tue, 06 Dec 2016 09:53:07 +0530 https://www.taxtmi.com/article/detailed?id=7109