Corporate insolvency resolution process amended with expanded disclosure, guarantor asset transfer rules, and new dissolution and restoration procedur...
IBBI has specified updated formats under the Liquidation Process Regulations, 2016 for use by insolvency professionals, IP entities and IPAs. The circular prescribes Forms AA, B, C, G, H, I and J for written consent to act as liquidator, public announcement, quarterly progress report, security-interest intimation, compliance certificate, deposit of unclaimed dividends or undistributed proceeds, and withdrawal from the Corporate Liquidation Account. It also states that claim forms notified under the CIRP Regulations may be used in liquidation, and references to IRP/RP in those forms are to be read as references to the liquidator.
IBBI has specified updated formats under the Liquidation Process Regulations, 2016 for use by insolvency professionals, IP entities and IPAs. The circular prescribes Forms AA, B, C, G, H, I and J for written consent to act as liquidator, public announcement, quarterly progress report, security-interest intimation, compliance certificate, deposit of unclaimed dividends or undistributed proceeds, and withdrawal from the Corporate Liquidation Account. It also states that claim forms notified under the CIRP Regulations may be used in liquidation, and references to IRP/RP in those forms are to be read as references to the liquidator.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
