TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Financial Service Provider Insolvency Process: Key Rules, Regulator Role, and Interim Moratorium Explained</h1> The Corporate Insolvency Resolution Process for financial service providers, as per the Insolvency and Bankruptcy Rules, 2019, applies the provisions of the Code to financial service providers with specific modifications. Initiation of the process requires an application by the appropriate regulator. An interim moratorium begins with the application filing, preventing suspension of licenses. An Advisory Committee may be formed to assist the Administrator, comprising experts in relevant fields. The resolution plan must demonstrate compliance with legal requirements, and the appropriate regulator must issue a 'no objection' for the management post-resolution. If not issued within 45 days, it is deemed granted.
TaxTMI 
TaxTMI 
