Disposal of Show-cause notice

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..... shall endeavour to dispose of the show-cause notice within a period of 5[sixty days from the due date for receipt of reply to the show-cause notice].] (3) The order under sub-regulation (1) may provide for- (a) closure of show-cause notice without any direction; (b) warning; 2[(ba) suspension or cancellation of authorisation for assignment of an insolvency professional;] (c) any of the actio .....

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..... is a professional member.] 4[(6) The Disciplinary Committee shall in the order passed under sub-regulation (1) require the service provider- (a) to discharge pending obligations, if any; (b) to continue its functions till such time as may be directed, only to enable stakeholders to shift to another service provider; and (c) to comply with any other directions. (7) In case where the service .....

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..... tion (1) shall be issued to the noticee immediately, and be published on the website of the Board." 4. Substituted vide Notification No. IBBI/2022-23/GN/REG087 dated 14-06-2022 before it was read as, "(6) If the order under sub-regulation (1) suspends or cancels the registration of a service provider, the Disciplinary Committee may, if it considers fit, require the service provider .....

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