Disciplinary proceedings.

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion and Investigation) Regulations, 2017. ] ************** NOTES:- 1. Substituted vide F. No. IBBI/2022-23/GN/REG089 dated 04-07-2022 before it was read as, Disciplinary proceedings. 8. (1) Based on the findings of an inspection or investigation, or on material otherwise available on record, if the Board is of the prima facie opinion that sufficient cause exis .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 relevant documents 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 agency in the following manner- (a) by sending i .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... facts and circumstances and material on record, the Disciplinary Committee shall dispose of the show-cause notice by a reasoned order. (10) The order in disposal of a show-cause notice may provide for- (a) no action; (b) warning; (c) any of the actions under section 220(2) to (4); or (d) a reference to the Board to take any action under section 220(5). (11) The order passed under .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X