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    <description>Amendments revise eligibility by restructuring professional-experience criteria and allowing aggregation of professional and managerial experience; omit regulation 9; amend Regulation 12 to substitute &quot;equity shares&quot;, define net worth for companies and partnerships, allow transitional compliance, and require Board acknowledgement within seven days while empowering the Board to seek documents, inspect or require personal appearances; Regulation 13 clarifies timelines for granting or rejecting recognition and prescribes issuance of the certificate in Form D; First Schedule limits concurrent resolution professional assignments and caps assignments involving very large admitted claims.</description>
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