Disciplinary proceedings.

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....ndia (Inspection and Investigation) Regulations, 2017.]   *********** Notes                                                   &nbsp....

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....ion No. IBBI/2022-23/GN/REG088 dated 04-07-2022 before it was read as,  "Disciplinary proceedings. 11. (1) Based on the findings of an inspection or investigation, or on material otherwise available on record, if the Board is of the prima facie opinion that sufficient cause exists to take actions permissible under section 220, it shall issue a show-cause notice to the insolvency pr....

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....otice shall enclose copies of documents relied upon and extracts of relevant portions from the report of investigation or inspection, or other records. (4) A show-cause notice issued shall be served on the insolvency professional in the following manner- (a) by sending it to the insolvency professional, at the address provided by him or provided by the insolvency professional agency with whi....

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....e material on record. (8) The order disposing of a show-cause notice may provide for- (a) no action; (b) warning; ^1[(ba) suspension or cancellation of authorisation for assignment;] (c) any of the actions under section 220(2) to (4); or (d) a reference to the Board to take any action under section 220(5). (9) The order passed under sub-regulation (7) shall not become effectiv....