Recognised Professional definition
Examples of Recognised Professional in a sentence
Should the Recognised Professional Body not agree with the Insolvency Service’s determination that a Complaint presents grounds for further assessment, this will be resolved as set out in paragraph 13 of the Memorandum.
A Recognised Professional Body will pay all amounts due under the Memorandum in full without any deduction or withholding except as required by law and will not assert any credit, set-off or counterclaim against the Insolvency Service in order to justify withholding payment of any such amount in whole or in part.
Incentive Stock Options may be granted to any individual classified by the Committee as an employee of the Company, a Parent or a Subsidiary but not to a consultant or other independent contractor.
It will be for the Authority alone to determine whether a Complaint presents grounds for further consideration by the Recognised Professional Body.
The Insolvency Service will invoice each Recognised Professional Body for their proportion of the Fixed Cost per annum by 1 March 2021 and then annually thereafter.
No disclosure of that information to any Body or person other than in pursuance of such purposes is to be made by the Body without the consent of the Secretary of State or, as the case may be, the other Recognised Professional Body.
If a Recognised Professional Body fails to make a payment due to the Insolvency Service under the Memorandum by the Due Date, the Insolvency Service is permitted to charge the body for the reasonable costs which it incurs in procuring the body’s payment of the overdue amount.
Each Recognised Professional Body will prominently advertise the Gateway on a relevant page of its website and in the advertisement include this hyperlink ▇▇▇▇▇://▇▇▇.▇▇▇.▇▇/complain-about-insolvency-practitioner In cross-referring to and maintaining any such hyperlink each Recognised Professional Body must not imply endorsement of its site by the Authority or by any department or office of Her Majesty’s Government.
Where the Insolvency Service considers a Complaint to present grounds for further assessment, it will refer the Complaint to the relevant Recognised Professional Body.
The Fee per annum will be calculated by multiplying the Per Capita Sum by the aggregate number of persons who, pursuant to the rules of each Recognised Professional Body, were authorised as Insolvency Practitioners as at 1 January of the preceding calendar year.