Section 201 of IBC : Section 201: Registration Of Insolvency Professional Agency
IBC
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Explanation using Example
Imagine a company, "ResolveIt Consulting," wants to operate as an insolvency professional agency in India. To legally do so, they must first register with the Insolvency and Bankruptcy Board of India (IBBI). They submit an application detailing their qualifications, experience, and other relevant information, along with the required fee, as per the IBBI's regulations.
Within seven days, the IBBI acknowledges the receipt of Resolve...
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