HYDERABAD: The Institute of Company Secretaries of India (ICSI) has stepped up efforts to train and produce insolvency practitioners citing that the sector has huge need of professionals.
ICSI has set up Insolvency Professional Agency to train insolvency professionals as there is huge need for professional in this sector and there is also huge growth potential. While earlier it used to take about 4 or 5 years time to liquidate a company on an average, after introduction of new Insolvency and Bankruptcy Law, it should be completed in 180 days, with one time extension of 90 days. To comply with the new requirements there is need for qualified professionals who are experts, said Mamta Binani, president of ICSI, speaking in H…
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