TaxTMI 
TaxTMI 
Powers and functions of Board.
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....]; (c) levy fee or other charges ^2[for carrying out the purposes of this Code, including fee for registration and renewal] of ^3B[service providers]; ^5[Explanation.- For removal of doubts, it is hereby clarified that the levy of fee or other charges under this clause also includes any fee or other charges levied by the Board in relation to the processes under this Code.] (d) specify by regulations standards for the functioning of ^3C[service providers]; (e) lay down by regulations the minimum curriculum for the examination of the insolvency professionals for their enrolment as members of the insolvency professional agencies; (f) carry out inspections and investigations on ^3D[service providers] and pass such orders as may b....
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....nd performance of to the ^3H[service providers] at such intervals as may be specified by the Board; (s) specify mechanisms for issuing regulations, including the conduct of public consultation processes before notification of any regulations; ^6[(sa) specify the standards of conduct for the committee of creditors and its members, including the timelines within which the committee of creditors shall take decisions, while acting under Part II and Part III of this Code, as the case may be;] (t) make regulations and guidelines on matters relating to insolvency and bankruptcy as may be required ^7[for the purposes of this Code], including mechanism for time bound disposal of the assets of the corporate debtor or debtor; and (u) perfo....
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....essionals may be expelled from the membership of insolvency professional agencies; (k) the quantum of fee and the manner of collecting fee for inducting persons as its members; (l) the procedure for enrolment of persons as members of insolvency professional agency; (m) the manner of conducting examination for enrolment of insolvency professionals; (n) the manner of monitoring and reviewing the working of insolvency professional who are members; (o) the duties and other activities to be performed by members; (p) the manner of conducting disciplinary proceedings against its members and imposing penalties; (q) the manner of utilising the amount received as penalty imposed against any insolvency professional. (3) Notwith....
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....e Section 59 of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 w.e.f. 26-05-2026 (Notified vide Notification No. S.O. 2625(E) dated 22-05-2026) before it was read as, "insolvency professional agencies, insolvency professionals and information utilities" 3B. Substituted vide Section 59 of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 w.e.f. 26-05-2026 (Notified vide Notification No. S.O. 2625(E) dated 22-05-2026) before it was read as, "insolvency professional agencies, insolvency professionals and information utilities" 3C. Substituted vide Section 59 of the Insolvency and Bankruptcy Code (Amendment) Ac....
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....p; "insolvency professional agencies, insolvency professionals and information utilities" 3H. Substituted vide Section 59 of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 w.e.f. 26-05-2026 (Notified vide Notification No. S.O. 2625(E) dated 22-05-2026) before it was read as, "insolvency professional agencies, insolvency professionals and information utilities" 4. Substituted vide Section 59 of the Insolvency and Bankruptcy Code (Amendment) Act, 2026 w.e.f. 26-05-2026 (Notified vide Notification No. S.O. 2625(E) dated 22-05-2026) before it was read as, "insolvency professionals, insolvency professional agencies....