Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
Enhanced tax rate on surrendered unexplained income applies prospectively, while cash-deposit telescoping requires verification of available surrender...
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IBBI specifies the prescribed formats for key stages of the voluntary liquidation process under the VL Regulations, including public announcement, proof of claim forms for operational creditors, financial creditors, workmen or employees, authorised representatives, and other stakeholders, along with forms for deposit of unclaimed dividends or undistributed proceeds, compliance certification, withdrawal from the corporate voluntary liquidation account, and intimation of termination proceedings. The formats require disclosure of claim particulars, supporting documents, bank details, mutual credits or set-off, security interests, disputes, and affidavits/verification of truthfulness. The compliance certificate also captures timeline adherence, stakeholder distributions, avoidance transactions, and any deviations or pending proceedings.
IBBI specifies the prescribed formats for key stages of the voluntary liquidation process under the VL Regulations, including public announcement, proof of claim forms for operational creditors, financial creditors, workmen or employees, authorised representatives, and other stakeholders, along with forms for deposit of unclaimed dividends or undistributed proceeds, compliance certification, withdrawal from the corporate voluntary liquidation account, and intimation of termination proceedings. The formats require disclosure of claim particulars, supporting documents, bank details, mutual credits or set-off, security interests, disputes, and affidavits/verification of truthfulness. The compliance certificate also captures timeline adherence, stakeholder distributions, avoidance transactions, and any deviations or pending proceedings.
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