https://www.taxtmi.com/circulars?id=64991 IPAs must amend their bye laws to prescribe minimum and maximum monetary penalties and a graduated penalty regime for specified professional contraventions, enabling their Disciplinary Committees to impose fines for failures such as deficient disclosures, conflicts of interest, poor record keeping, improper claim handling, non compliance with adjudicatory directions, outsourcing duties, failure to appoint valuers, non cooperation with inspections, failures in public announcements and creditor notices, mishandling resolution applicants or plans, inaction on suspect transactions, defective contracts, and other bye law breaches; the circular requires incorporation of the amended disciplinary provision and is effective immediately. en-us Wed, 28 Jul 2021 00:00:00 +0530 Sat, 31 Jul 2021 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=64991 IPAs must amend their bye laws to prescribe minimum and maximum monetary penalties and a graduated penalty regime for specified professional contraventions, enabling their Disciplinary Committees to impose fines for failures such as deficient disclosures, conflicts of interest, poor record keeping, improper claim handling, non compliance with adjudicatory directions, outsourcing duties, failure to appoint valuers, non cooperation with inspections, failures in public announcements and creditor notices, mishandling resolution applicants or plans, inaction on suspect transactions, defective contracts, and other bye law breaches; the circular requires incorporation of the amended disciplinary provision and is effective immediately. Circulars IBC Wed, 28 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/circulars?id=64991