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IBBI issued Clarifications with respect to Temporary Surrender of Professional Membership

Insolvency and Bankruptcy Board of India having its office at 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 issued a CLARIFICATIONNo. IBBI/IP/2022 11th April 2022 to All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) about Clarifications with respect to Temporary Surrender of Professional Membership.

In view of the provisions relating to ‘temporary surrender of professional membership’ contained in clause 26 of the Schedule to the IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016, have been substituted vide Notification No. IBBI/2019- 20/GN/REG043, dated 23rd July 2019 (w.e.f. 23-07-2019) and in pursuant to ……………

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