Applicants for Insolvency Professional Activities Will Now Receive Their Registration Certificates Within 30 Days | IBBI
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- Last Updated on 21 September, 2023
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Notification No. IBBI/2023-24/GN/REG104, Dated: 18.09.2023
The IBBI has notified an amendment to the IBBI (Insolvency Professionals) Regulations, 2016. An amendment has been made in Regulation 7 i.e., Certificate of registration. As per the amended norms, the Board on being satisfied, may grant a certificate of registration to the applicant to carry out the activities of an insolvency professional, within 30 days of receipt of the application, instead of 60 days. Also, a new Regulation 10A pertaining to surrender of registration has been introduced.
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