Eligibility Criteria and Details of NCLT Bar Association

1. Eligibility Criteria and Details of NCLT Bar Association It is a matter of real pride to be a part of the NCLT Bar Association. However, to become a member of the association there are certain things you need to keep in mind. It is better if you are an advocate and you have your name enrolled with the bar council. It is also good to be a part of the Institute of the Company Secretaries of India to have the best recognition in the field. In the scenario, it is also imperative to be a candidate of the Institute of the Chartered Accountants of India and you can even enroll your name at the Institute of the Cost Accountants of India. Should Have Clarity in Position There are more things you can adhere to be an inseparable part of the NCLT Bar Association. To be a part of the association, you must pay a membership fee of Rs. 2500 and the annual subscription fee, in this case, is Rs. 1000. The person enrolling for the membership should be absolutely clean and must have no investigation or charge under his name. He should not have any offense against his name in the context of moral turpitude. He should not have any conviction for any kind of Criminal Contempt by the court of law. Details Regarding IBBI In this context, you even have the mention of the Insolvency and Bankruptcy Board of India. Here you have the group of the IBBI regulates professionals and there is also the regulatory oversight in matters of several insolvency professional agencies. IBBI is responsible to look into the insolvency proceedings and can even involve the entities like Insolvency Professional Agencies (IPA). There are

2. more people involved like Insolvency Professionals (IP) and the various informational utilities or UI. It can even attempt to simplify the process in case of insolvency and the bankruptcy of the proceedings. Source Url: https://ncltbar.blogspot.com/2021/12/eligibility-criteria-and-details-of.html