Tag Archives: Insolvency Professionals

Section 208 of Insolvency and Bankruptcy Code 2016

Section 208 of Insolvency and Bankruptcy Code 2016 (Notified  S.O. 3453(E) Dated 15.11.2016 :- sub-section (1) of section 208 (i) clause (c);(ii) clause (e); (3) sub-section (2) of section 208;) Functions and obligations of insolvency professionals. 208. (1) Where any insolvency resolution , fresh start, liquidation or bankruptcy process has been initiated, it shall be the… Read More »

Section 207 of Insolvency and Bankruptcy Code 2016

Section 207 of Insolvency and Bankruptcy Code 2016 (Notified by S.O. 3453(E) Dated 15.11.2016) Registration of insolvency professionals. 207. (1) Every insolvency professional shall, after obtaining the membership of any insolvency professional agency, register himself with the Board within such time, in such manner and on payment of such fee, as may be specified by regulations.… Read More »

Section 206 of Insolvency and Bankruptcy Code 2016

Section 206 of Insolvency and Bankruptcy Code 2016 (Notified by S.O. 3453(E) Dated 15.11.2016) CHAPTER IV INSOLVENCY PROFESSIONALS Enrolled and registered persons to act as insolvency professionals. 206. No person shall render his services as insolvency professional under this Code without being enrolled as a member of an insolvency professional agency and registered with the Board.

Registration of Insolvency Professionals Regulations 2016

Insolvency and Bankruptcy (Registration of Insolvency Professionals) Regulations, 2016 In exercise of the powers conferred by sub-sections (1)(a) to (c) of section 196 and section 207 read with sub-sections (1) and (2) (zzh) to (zzi) of section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Board hereby makes the following Regulations,… Read More »