Section 200 : Principles governing registration of insolvency professional agency

The Board shall have regard to the following principles while registering the insolvency professional agencies under this Code, namely:-

(a) to promote the professional development of and regulation of insolvency professionals;

(b) to promote the services of competent insolvency professionals to cater to the needs of debtors, creditors and such other persons as may be specified;

(c) to promote good professional and ethical conduct amongst insolvency professionals;

(d) to protect the interests of debtors, creditors and such other persons as may be specified;

(e) to promote the growth of insolvency professional agencies for the effective resolution of insolvency and bankruptcy processes under this Code.

Insolvency and Bankruptcy Code 2016

Section 191 Powers of Chairperson

Section 192 Meetings of Board

Section 193 Member not to participate in meetings in certain cases

Section 194 Vacancies, etc., not to invalidate proceedings of Board, Officers and employees of Board

Section 195 Power to designate financial sector regulator

Section 196 Powers and functions of Board

Section 197 Constitution of advisory committee, executive committee or other committee

Section 198 Condonation of delay

Section 199 No person to function as insolvency professional agency without valid certificate of registration

Section 200 Principles governing registration of insolvency professional agency