Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
IBBI prescribed standard formats for the insolvency resolution process for personal guarantors to corporate debtors under the amended 2019 Regulations. The circular specifies Form A for an insolvency professional's written consent to act as resolution professional, including declarations on registration, disciplinary status, eligibility, disclosures, and concurrent processes; Form B for a creditor's proof of claim, covering claim details, supporting documents, disputes, set-off, security, repayment-plan banking details, and forfeiture election by secured creditors; and Form C for a proxy authorising attendance and voting at creditors' meetings. The enclosed forms are to be used in the process as notified through circular.
IBBI prescribed standard formats for the insolvency resolution process for personal guarantors to corporate debtors under the amended 2019 Regulations. The circular specifies Form A for an insolvency professional's written consent to act as resolution professional, including declarations on registration, disciplinary status, eligibility, disclosures, and concurrent processes; Form B for a creditor's proof of claim, covering claim details, supporting documents, disputes, set-off, security, repayment-plan banking details, and forfeiture election by secured creditors; and Form C for a proxy authorising attendance and voting at creditors' meetings. The enclosed forms are to be used in the process as notified through circular.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
