https://www.taxtmi.com/news?id=19850 The discussion paper frames insolvency resolution process costs (IRPC) to include fees payable to resolution professionals, requires the Committee of Creditors to fix and ratify such expenses, mandates item wise disclosure by IRP/RP, and calls for publication of remuneration data to improve transparency. Noting instances of both excessive and token fee quotations and the difficulty of standardising services, it proposes a staged approach-identify cost elements (Annexure 1), publish data, promote best practices, and consider targeted regulatory interventions (ceilings, floors, bands, percentage links or time based estimates) if market failures persist-and invites stakeholder comments. en-us Mon, 02 Apr 2018 10:09:39 +0530 Mon, 02 Apr 2018 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=19850 The discussion paper frames insolvency resolution process costs (IRPC) to include fees payable to resolution professionals, requires the Committee of Creditors to fix and ratify such expenses, mandates item wise disclosure by IRP/RP, and calls for publication of remuneration data to improve transparency. Noting instances of both excessive and token fee quotations and the difficulty of standardising services, it proposes a staged approach-identify cost elements (Annexure 1), publish data, promote best practices, and consider targeted regulatory interventions (ceilings, floors, bands, percentage links or time based estimates) if market failures persist-and invites stakeholder comments. News - Mon, 02 Apr 2018 10:09:39 +0530 https://www.taxtmi.com/news?id=19850