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TMI BlogDisciplinary proceedings.X X X X Extracts X X X X X X X X Extracts X X X X ..... Investigation) Regulations, 2017.] *********** Notes 1. Inserted vide NOTIFICATION No. IBBI/2019-20/GN/REG045 dated 23-07-2019 2. Substituted vide Notification No. IBBI/2022-23/GN/REG088 dated 04-07-2022 before it was read as, "Disciplinary proceedings. 11. (1) Based on the findings of an inspection or investigation, or on material otherwise available on record, if the Board is of t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... re to respond to the show-cause notice; and (h) procedure to be followed for disposal of the show-cause notice. (3) The show-cause notice shall enclose copies of documents relied upon and extracts of relevant portions from the report of investigation or inspection, or other records. (4) A show-cause notice issued shall be served on the insolvency professional in the following manner- (a) by se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... dering the submissions, if any, made by the insolvency professional, the relevant material facts and circumstances, and the material on record. (8) The order disposing of a show-cause notice may provide for- (a) no action; (b) warning; 1[(ba) suspension or cancellation of authorisation for assignment;] (c) any of the actions under section 220(2) to (4); or (d) a reference to the Board to tak ..... X X X X Extracts X X X X X X X X Extracts X X X X
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