Register Age Resolution For Free

Interim Resolution Profession or Resolution Professional These professionals are the whole and sole of the company after the insolvency application is approved by the adjudicating authority. Resolution Professional is appointed by the adjudicating authority (National Company Law Tribunal, or NCLT.

Stage 1: Complete the Graduate Insolvency Programme (GIP) Stage 2: Pass the limited insolvency examination Stage-3: Enroll as a professional member with an insolvency professional agency (IPA), within a period of 12 months of clearing the Limited Insolvency Examination Stage-4: Complete a pre-registration educational ...

For any person to be appointed as an RP in India, the person needs to be a Chartered Accountant (CA) or a Company Secretary or a Cost Accountant or an Advocate who has passed the Limited Insolvency Examination and has ten years of experience and enrolled with the association like the Bar Council or the Institute of ...

(1) Where the debtor or the creditor is of the opinion that the resolution professional appointed under section 97 is required to be replaced, he may apply to the Adjudicating Authority for the replacement of such resolution professional.

An individual is eligible to become an insolvency professional (IP) provided he/she: a. is a person resident in India, b. is not a minor, c. is solvent (i.e., he / she is not an undischarged insolvent or he / she has not applied to be adjudicated as an insolvent) d. is of sound mind, e. has the qualification and ...

1,770 is payable per enrolment for each of these exams. It has been decided that the fee of Rs. 5,000+ applicable GST, i.e. Rs. 5,900 for the LIE or Valuation Examinations shall be payable for each enrolment on or after 01st October 2022.

The Tribunal observed that under section 27 of IBC, an RP may be replaced at any time during the CIRP. The CoC can propose to replace the RP by a vote of 66% of voting share and subject to the written consent of the proposed RP.