The insolvency professional agencies (IPAs) are front line regulators for the IPs under the Code. The Insolvency and Bankruptcy Board of India (IBBI) commenced registration of IPAs from 28th November, 2016 in accordance with the regulations. It has registered at the end of the quarter the following three IPAs:
| Sl. | Name of IPA | Promoted by | Date of Registration |
| 1. | Indian Institute of Insolvency Professionals of ICAI | The Institute of Chartered Accountants of India | 28th November, 2016 |
| 2. | ICSI Insolvency Professionals Agency | The Institute of Company Secretaries of India | 28th November, 2016 |
| 3. | Insolvency Professional Agency of Institute of Cost Accountants of India | The Institute of Cost Accountants of India | 30th November, 2016 |
The three IPAs started enrolling professional members since 29th November, 2016 for their registration as Insolvency Professionals for a limited period of six months as per Regulation 9 of the IBBI (Insolvency Professionals) Regulations, 2016. The IBBI has granted registration to 977 Insolvency Professionals in this category. The region-wise and IPA wise break-up of Insolvency Professionals registered with the IBBI is as under:
| City / Region | Indian Institute of Insolvency Professionals of ICAI | ICSI Insolvency Professionals Agency | Insolvency Professional Agency of Institute of Cost Accountants of India | Total |
| Delhi | 224 | 77 | 18 | 319 |
| Rest of the Northern Region | 109 | 36 | 2 | 144 |
| Mumbai | 100 | 29 | 4 | 133 |
| Rest of the Western Region | 75 | 26 | 9 | 110 |
| Chennai | 41 | 5 | 1 | 47 |
| Rest of the Southern Region | 53 | 23 | 2 | 78 |
| Kolkata | 81 | 18 | 6 | 105 |
| Rest of the Eastern Region | 30 | 7 | 1 | 38 |
| All India | 713 | 221 | 43 | 977 |
Source- http://www.ibbi.gov.in/IBBI_Newsletter_Web.pdf
Kindly Refer to
Privacy Policy &
Complete Terms of Use and Disclaimer.
