This IBBI circular advises Insolvency Professional Agencies (IPAs) to generally reject requests for the temporary surrender of membership if the Insolvency Professional is actively managing an ongoing insolvency process, acting as an authorized representative, or empaneled for specific roles (like a SEBI Administrator). Additionally, it introduces standardized forms (Forms A through F) to formalize the application, approval, IBBI intimation, and revival processes for temporary surrenders.

Request for issue of Duplicate Certificate and other Service Requests

This section provides brief and clear answers to common queries related to registration under the Shops and Establishment Act, including applicability, eligibility, registration procedure, documents required, timelines, fees, renewal, amendment, and compliance obligations for shops and commercial establishments

Gemini said This IBBI circular mandates Insolvency Professionals and Entities to electronically file annual fee compliance Forms E or G by April 30. Crucially, this filing is mandatory even if they earned zero fees or had no turnover that year.

Declaration Form for Opting-out of Nomination by holders of physical securities in Listed Companies

This IBBI circular strictly mandates that, effective February 1, 2019, Insolvency Professionals must exclusively appoint IBBI-registered valuers to conduct any valuations under the Insolvency and Bankruptcy Code. The transitional period allowing unregistered valuers expired on January 31, 2019

Confirmation of Signature of securities holder by the Banker

Request For Registering Pan, KYC Details Or Changes / Updation Thereof

This IBBI circular clarifies that a financial creditor who has not yet been admitted to the Committee of Creditors (CoC) possesses no voting rights. Consequently, such a non-member cannot be legally classified as a "dissenting" or "abstaining" creditor regarding any CoC decisions, including the approval of a resolution plan.

Gemini said This IBBI circular mandates that Insolvency Professional Entities (IPEs) must notify the Board via email within seven days whenever an Insolvency Professional joins or leaves as a partner or director. Failure to report these changes—including a mandate to rectify any past unreported changes by September 7, 2018—can result in the withdrawal of the IPE's recognition.

This IBBI circular directs Resolution Professionals to expeditiously appoint an Authorized Representative (AR) for any unrepresented class of financial creditors (comprising 10 or more creditors) in ongoing CIRPs. This mandatory electronic appointment process must be implemented whenever the approval of the resolution plan is at least 15 days away.

Gemini said This IBBI circular clarifies that Insolvency Professional Entities (IPEs) exist solely to provide support services to their partner or director IPs. Since IPEs are not registered IPs themselves, they are strictly prohibited from acting as IPs or seeking empanelment with any market participants.

Gemini said This IBBI circular mandates that Insolvency Professionals keep CIRP expenses reasonable, bank-routed, and strictly related to the process. It defines allowable costs—excluding CoC or creditor expenses—and requires transparent fee disclosures to IPAs for compliance monitoring

This circular directs Registered Valuer Organisations (RVOs) to strictly admit and recommend individuals for IBBI registration only if they meet all educational, experience, and examination requirements. Additionally, it announces that the application process for registered valuers will transition to a mandatory online system effective July 1, 2018.

Gemini said To become a registered Insolvency Professional, individuals must complete a mandatory 50-hour pre-registration educational course conducted by an Insolvency Professional Agency (IPA). The practical, 20-module curriculum covers the entire insolvency lifecycle, including CIRP, liquidation, CoC meetings, and professional ethics.

This IBBI circular clarifies that a disciplinary proceeding against an Insolvency Professional begins upon the issuance of a show-cause notice and ends with its disposal. During this pending period, the professional is strictly prohibited from accepting any fresh IBC assignments.

Gemini said The IBBI has mandated that all registered Insolvency Professional Agencies (IPAs) submit an Annual Compliance Certificate to facilitate the monitoring of their performance and adherence to statutory obligations. To promote transparency and accountability under the Insolvency and Bankruptcy Code, IPAs must submit this formalized certificate to the IBBI and prominently display it on their respective websites within 45 days of the financial year's close.

The IBBI circular dated April 5, 2018, mandates that Insolvency Professional Entities (IPEs) recognized as of April 1, 2018, must comply with the new continuous recognition conditions (such as net worth and directorship ratios) by specific deadlines (June 30 and September 30, 2018), failing which they risk derecognition.

The IFSCA FinTech Sandbox Framework fosters innovation by providing a structured testing environment for FinTech and TechFin solutions. It covers diverse sectors like banking, capital markets, and insurance, offering regulatory facilitators to streamline the development of financial products within IFSCs.

as on February 18, 2026