https://www.taxtmi.com/acts?id=32502 Amendments to section 21 redefine authorised representatives and clarify appointment and voting procedures: trustees or agents named in debt instruments acting for securitised creditors, court appointed authorised representatives for large creditor classes nominated by the interim resolution professional and appointed by the Adjudicating Authority, and guardians/executors may attend and vote for financial creditors to the extent of their voting share. Remuneration for representatives follows contract terms or specified amounts treated as insolvency resolution process costs. The Board may specify voting manner and share determination, and committee decisions require a majority voting share, with special provision where no financial creditors exist. en-us Mon, 20 Aug 2018 11:51:01 +0530 Mon, 20 Aug 2018 11:51:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=32502 Amendments to section 21 redefine authorised representatives and clarify appointment and voting procedures: trustees or agents named in debt instruments acting for securitised creditors, court appointed authorised representatives for large creditor classes nominated by the interim resolution professional and appointed by the Adjudicating Authority, and guardians/executors may attend and vote for financial creditors to the extent of their voting share. Remuneration for representatives follows contract terms or specified amounts treated as insolvency resolution process costs. The Board may specify voting manner and share determination, and committee decisions require a majority voting share, with special provision where no financial creditors exist. Act-Rules F. Acts / Amendment Acts Mon, 20 Aug 2018 11:51:01 +0530 https://www.taxtmi.com/acts?id=32502