The IBBI has notified two sets of regulations.
The Dollar Business Bureau
The Insolvency and Bankruptcy Board of India (IBBI) on Wednesday notified two regulations; one of them will allow not-for-profit companies having a minimum net worth of Rs 10 crore to act as an insolvency professional agency under the Insolvency and Bankruptcy Code.
The IBBI has notified two sets of regulation. These regulations will come into effect from November 29, 2016.
Under the Insolvency and Bankruptcy law, advocates, chartered accountants, company secretaries and cost accountants with 10 years of post-membership experience (practice or employment) or a Graduate with 15 years of post-qualification manageri…
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