Section 200: Principles governing registration of insolvency professional agency

Save(0)

The Insolvency and Bankruptcy Code, 2016

PART IV
Regulation of Insolvency Professionals, Agencies and Information Utilities

CHAPTER III
Insolvency Professional Agencies

Section 200: Principles governing registration of insolvency professional agency:

*200. The Board shall have regard to the following principles while registering the insolvency professional agencies under this Code, namely:—

(a) to promote the professional development of and regulation of insolvency professionals;

(b) to promote the services of competent insolvency professionals to cater to the needs of debtors, creditors and such other persons as may be specified;

(c) to promote good professional and ethical conduct amongst insolvency professionals;

(d) to protect the interests of debtors, creditors and such other persons as may be specified;

(e) to promote the growth of insolvency professional agencies for the effective resolution of insolvency and bankruptcy processes under this Code.


————————

Notifications & Circulars

*This shall come into force w.e.f. from 15.11.2016.

2 comments

  1. I am K. Sivaraman residing at No.11, 6th Main Road, RA Puram, Chennai 600 028. I have passed B Com with distinction, M B A from Kaizon School of Management, ACS (Inter) and completed ACS Final I & II coaching. I have also done LLB but not yet enrolled in Bar Council but I was holding a very high position in a popular and reputed business group I was Director of more than 10 Companies, managing finances, legal and secretarial activities. Can I apply for Insolvency profession? kindly guide me. My phone No. 91-9884002280 and email Id is sivaramank00@yahoo.com

Leave a Reply

Your email address will not be published.

/* Copy to Clipboard */