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of <h1>Liquidators Must File Forms Electronically Under Regulation 41A, IBBI Voluntary Liquidation Process Rules, 2017; Penalties for Delays</h1> Regulation 41A of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, mandates liquidators to file specific forms electronically within stipulated timelines. Form VL 1 requires details of the corporate person and liquidation process by the 10th day of the second month post-public announcement. Forms VL 2, VL 3, and VL 4 cover contributories' meetings, dissolution applications, and dissolution orders, each with specific deadlines. Late submissions incur a fee of five hundred rupees per month. Liquidators are accountable for accuracy and may face penalties for non-compliance, including potential refusal to renew Authorisation for Assignment.
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