200. The Board shall have regard to the following principles while
registering the insolvency professional agencies under this Code, namely:-
(a) to promote the professional development of and regulation of insolvency
professionals;
(b) to promote the services of competent insolvency professionals to cater
to the needs of debtors, creditors and such other persons as may be
specified;
(c) to promote good professional and ethical conduct amongst insolvency
professionals;
(d) to protect the interests of debtors, creditors and such other persons as
may be specified;
(e) to promote the growth of insolvency professional agencies for the
effective resolution of insolvency and bankruptcy processes under this Code.