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CS Professional · Corporate Restructuring, Valuation and Insolvency · Insolvency

Meera, an insolvency professional, completes proceedings before the Adjudicating Authority in a corporate matter. To whom must she submit a copy of the records of every such proceeding under the code of conduct?

She must submit a copy of the records of every proceeding before the Adjudicating Authority to both the Board and the insolvency professional agency of which she is a member. Section 208(2)(d) names both recipients, so sending to only one is incomplete.

  1. AThe Board and the insolvency professional agency of which she is a memberCorrect
  2. BOnly the insolvency professional agency of which she is a member
  3. CThe Board and the Committee of Creditors
  4. DThe Adjudicating Authority and the corporate debtor

Explanation

Section 208(2)(d) requires submitting a copy of the records of every proceeding before the Adjudicating Authority to both the Board and the insolvency professional agency of which he is a member. Option B omits the Board, and the others name recipients the clause does not mention.

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