https://www.taxtmi.com/article/detailed?id=9542 Regulation 7A requires insolvency professionals to obtain a valid authorization for assignment from their IPA, subject to renewal and specified eligibility criteria; Model Regulation 12A prescribes issuance, fees, validity and an appeal mechanism. The High Court upheld the Board's authority to frame these norms, found prescribed criteria and a two tier regulatory structure permissible, observed that the measures uniformly regulate professionals to maintain standards rather than deprive practice rights, and suggested the appeal time limit may be reconsidered. en-us Tue, 10 Nov 2020 07:08:36 +0530 Tue, 10 Nov 2020 07:08:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9542 Regulation 7A requires insolvency professionals to obtain a valid authorization for assignment from their IPA, subject to renewal and specified eligibility criteria; Model Regulation 12A prescribes issuance, fees, validity and an appeal mechanism. The High Court upheld the Board's authority to frame these norms, found prescribed criteria and a two tier regulatory structure permissible, observed that the measures uniformly regulate professionals to maintain standards rather than deprive practice rights, and suggested the appeal time limit may be reconsidered. Articles Corporate Laws / IBC / SEBI Tue, 10 Nov 2020 07:08:36 +0530 https://www.taxtmi.com/article/detailed?id=9542