https://www.taxtmi.com/caselaws?id=404920 Regulation 7A of the Insolvency Professionals Regulations requires a valid authorisation for assignment before an assignment is accepted or undertaken after 31 December 2019. Where the insolvency professional had accepted the assignment before that cutoff date, later confirmation of appointment did not change the date of acceptance, so the alleged breach was not attracted. The Board also noted that disciplinary action had already been taken by the insolvency professional agency, including a warning and a direction not to take new assignments without authorisation. No further disciplinary direction was therefore called for, and the show-cause notice was disposed of without adverse action. en-us Fri, 04 Dec 2020 00:00:00 +0530 Mon, 08 Mar 2021 09:28:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404920 Regulation 7A of the Insolvency Professionals Regulations requires a valid authorisation for assignment before an assignment is accepted or undertaken after 31 December 2019. Where the insolvency professional had accepted the assignment before that cutoff date, later confirmation of appointment did not change the date of acceptance, so the alleged breach was not attracted. The Board also noted that disciplinary action had already been taken by the insolvency professional agency, including a warning and a direction not to take new assignments without authorisation. No further disciplinary direction was therefore called for, and the show-cause notice was disposed of without adverse action. Case-Laws Insolvency and Bankruptcy Fri, 04 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404920