GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

INSOLVENCY PROFESSIONAL AGENCY

Other Topics - By: - Mr. M. GOVINDARAJAN - Dated:- 20-8-2016 - Section 3(20) of Insolvency and Bankruptcy Code, 2016 ( Code for short) defines the term as any person registered with the Board under Section 201 of this Code. Section 199 of the Act provides that no person shall carry on the business as insolvency professional agencies under this Code and enroll insolvency professionals as its members except under and in accordance with a certificate of registration issued in this behalf by the Boa .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

al and ethical conduct amongst insolvency professionals; to protect the interests of debtors, creditors and such other persons as may be specified; to promote the growth of insolvency professional agencies for the effective resolution of insolvency and bankruptcy process under this Code. Registration Section 201 of the Code provides the procedure for registration of . The procedure is as below- Every application for registration shall be made to the Board in such form and manner, containing such .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

cant; Every order so made shall be communicated to the applicant within a period of 15 days; The Board may issue a certificate of registration to the applicant in such form and subject to such terms and conditions as may be specified. Renewal Section 201 (4) provides that the Board may renew the certificate of registration from time to time in such manner and on payment of such fee as maybe specified. Cancellation Section 201 (5) provides that the Board may, by order, suspend or cancel the certi .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

erned has been given a reasonable opportunity of being heard. No such order shall be passed by any member except whole time members of the Board. Appeal Section 202 provides for appeal to National Company Law Appellate Tribunal against the order of cancellation of registration or rejection of registration. Section 202 provides that any which is aggrieved by any order of the Board, may prefer an appeal to the National Company Law Appellate Tribunal in such form, within such period, and in such ma .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

the functions of insolvency professional agencies. The agencies has to perform the following functions- grant membership to persons who fulfill all requirements set out in its bye laws on payment of membership fee; lay down standards of professional conduct for its members; monitor the performance of its members; safeguard the rights, privileges and interests of insolvency professionals who are its members; suspend or cancel the membership of insolvency professionals who are its members on the .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version