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CS Professional · Insolvency and Bankruptcy - Law and Practice · Professional and Ethical Practices for Insolvency Practitioners

The Board wishes to frame model bye-laws for insolvency professional agencies. Anand Insolvency Agency proposes enrolment rules that admit applicants only from one religion and one gender. Which statement matches the Code?

Enrolment requirements in the Board's model bye-laws must be non-discriminatory. The Code explains that this means no discrimination on grounds of religion, caste, gender or place of birth, and other specified grounds. An agency's rule limiting entry by religion and gender would therefore be contrary to the Code.

  1. AEnrolment requirements in the model bye-laws must be non-discriminatory, meaning no discrimination on grounds of religion, caste, gender or place of birth and other specified groundsCorrect
  2. BAgencies may restrict enrolment on religion if their governing board approves
  3. CNon-discrimination applies only to the examination fee and not to enrolment
  4. DNon-discrimination is limited to place of birth only

Explanation

Under section 196(2)(c), model bye-laws provide for requirements of enrolment that are non-discriminatory. The Explanation defines this as lack of discrimination on grounds of religion, caste, gender or place of birth and such other grounds as may be specified. Anand's proposal contradicts this.

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