In regulation 12(1)(a), for recognition of insolvency professional entities, a company, a registered partnership firm or a LLP shall have ‘its sole objective is to provide support services to insolvency professionals’ and the words ‘who are its partners or directors as the case may be’ stands deleted.
Effective date: Date of Publication in Official Gazette
Source: IBBI (Insolvency Professional) (Second Amendment) Regulations, 2020 dated June 30, 2020