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    <title>INSOLVENCY PROFESSIONAL ENTITY</title>
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    <description>An Insolvency Professional Entity (IPE) enables insolvency professionals to pool resources and must satisfy prescribed recognition conditions-including specified net worth, majority ownership and control by insolvency professionals, predominance of insolvency professionals among partners or directors, and exclusivity of directorship or partnership. Recognition requires an online application in Form C with fee, Board scrutiny, requests for additional information or inspections, and a time bound decision; the Board issues a Form D certificate or communicates objections allowing the applicant to respond. Recognized IPEs must comply with ongoing notification, fee payment, annual compliance reporting, and remain jointly and severally liable for professional acts or omissions.</description>
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