The Indian Institute of Insolvency Professionals of ICAI (IIIPI) is a Section 8 company established by the Institute of Chartered Accountants of India (ICAI). As an Insolvency Professional Agency (IPA) it is required to enroll,
The Insolvency and Bankruptcy Board of India ( IBBI ) has issued a circular regarding the payment of credit fees by the Insolvency professionals (IPs) and Insolvency Professional Entities (IPEs) to the Board. As per
Insolvency and Bankruptcy Board of India (IBBI) has issued a circular wherein it was clarified that the Disciplinary Committee of an Insolvency Professional Agency (IPA) may impose monetary penalty on its professional members under Clause
The Institute of Chartered Accountants of India (ICAI), recently made an announcement permitting its members to act as Insolvency Professional under the Insolvency and Bankruptcy Code, 2016 and related matters. The Institute, in connection with
The Insolvency and Bankruptcy Board of India ( IBBI ) while considering an application seeking a certificate of registration as an Insolvency Professional (IP) held that the experience during CS Management Training and the practice
The Insolvency and Bankruptcy Board of India (IBBI) has de-recognized thirteen Insolvency Professional Entities on ground of non-compliance with the procedures. These thirteen IPEs are directed to (a) surrender their original certificates of recognition to
The Insolvency and Bankruptcy Board of India (IBBI) said that yesterday issued circular clarifying norms for fees payable to an insolvency professional and to other professionals appointed by an insolvency professional. As per the Code
The Insolvency Bankruptcy Board of India ( IBBI ) has incorporated new provisions with regards to the resignation of the Insolvency Professionals ( IP ) from an assignment vide notification no. IBBI/2023-24/GN/REG 110 dated 31st
The Insolvency and Bankruptcy Board of India ( IBBI ) has issued guidelines to be followed while appointing Insolvency Professionals as Administrators under the Securities Exchange Board of India (SEBI). The IBBI and the SEBI
The Insolvency and Bankruptcy Board of India ( IBBI ) has imposed a penalty equal to one hundred percent of the total fee payable to him as IRP and as RP in the CIRPs on
Insolvency and Bankruptcy Board of India ( IBBI ) suspended Insolvency Professional for non-cooperation with inspecting authorities. In the matter of Mr Ranjeet Kumar Verma, Insolvency Professional (IP) under section 220 of the Insolvency and
The Insolvency and Bankruptcy Board of India ( IBBI ) has notified the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018 today. The salient amendments are: An insolvency professional shall pay
In a significant move, the Insolvency and Bankruptcy Board of India (IBBI) has amended its regulations to allow professional entities to enroll as Insolvency Professionals. The Board, while amending the Insolvency and Bankruptcy Board of
The Central Government has recently framed Insolvency and Bankruptcy Board of India (Form of Annual Statement of Accounts) Rules, 2018 prescribing norms for maintenance of accounts by IBBI. According to these rules, the Insolvency and
In the light of the increase in the number of professional misconduct cases against the Insolvency Professionals, the Insolvency and Bankruptcy Board of India ( IBBI ) has issued a Charter prescribing the responsibilities of
