CS Professional · Insolvency and Bankruptcy - Law and Practice · Professional and Ethical Practices for Insolvency Practitioners
The Board proposes model bye-laws for agencies. Ananya, a graduate with the required qualifications, is refused enrolment by an agency solely because of her place of birth. Which statement is correct under the model bye-law provisions?
The refusal conflicts with the Code. Model bye-laws must make enrolment requirements non-discriminatory, meaning no discrimination on grounds of religion, caste, gender or place of birth and other specified grounds. Place of birth alone is sufficient, and governing board approval cannot validate it.
- AThe refusal is valid because agencies may set any enrolment conditions
- BThe refusal is valid if the agency's governing board approves it
- CThe refusal is invalid only if she is also discriminated against on grounds of religion
- DThe refusal conflicts with the requirement that enrolment requirements be non-discriminatory, which covers place of birthCorrect
Explanation
Section 196(2)(c) says enrolment requirements in model bye-laws must be non-discriminatory, meaning no discrimination on grounds of religion, caste, gender or place of birth and other specified grounds. Each ground stands independently, so option C is wrong.
Did you get it right without looking?
One question tells you little. A timed set on Professional and Ethical Practices for Insolvency Practitioners shows your real accuracy, how long you take and where you lose marks.
More Professional and Ethical Practices for Insolvency Practitioners questions
- While examining a complaint against insolvency professional Kavita Rao, the Board wants her books and registers produced and wishes to summo…
- Vikram Joshi, an insolvency professional, is registered with an insolvency professional agency. A colleague claims that the Board, when regi…
- Which of the following is a function that the Code assigns to the Board, rather than to the insolvency professional agency, in relation to t…
- Vikram, an insolvency professional, is being reviewed after complaints. The Board wants to examine his books and documents and summon him to…
- An insolvency professional agency's governing board is deciding on bye-laws. Against the Code, which proposed feature is consistent with the…
- The Board is framing model bye-laws for insolvency professional agencies. Which of the following is a matter on which the Code expressly all…