IBBI has proposed a regulatory architecture allowing the “enable entities” (viz a company, LLP and registered partnership firm) to enrol, register and act as an IP. IBBI said that this is going to be a significant policy change in the profession of IP. Further, it may consider allowing the existing Insolvency Professional Entity (IPE) to become IPs, which, after registration, may also continue to provide support services to IPs.
Discussion-paperClick on the following link to access the IBC discussion paper
