https://www.taxtmi.com/circulars?id=62249 Insolvency professionals and professionals they appoint must disclose relationships with the corporate debtor, other professionals, financial creditors, interim finance providers and prospective resolution applicants to their Insolvency Professional Agency within specified trigger-based timelines, generally three days of the triggering event or when a relationship later arises. "Relationship" covers four categories (including deriving 5%+ revenue, office-holding or partner status, close-relative links, and aggregated partner/director relationships) within three years. Agencies must facilitate and publish disclosures promptly; the insolvency professional must confirm arm's length appointments. Non-compliance or wrong disclosures attract legal action. en-us Tue, 16 Jan 2018 00:00:00 +0530 Tue, 03 Sep 2019 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=62249 Insolvency professionals and professionals they appoint must disclose relationships with the corporate debtor, other professionals, financial creditors, interim finance providers and prospective resolution applicants to their Insolvency Professional Agency within specified trigger-based timelines, generally three days of the triggering event or when a relationship later arises. "Relationship" covers four categories (including deriving 5%+ revenue, office-holding or partner status, close-relative links, and aggregated partner/director relationships) within three years. Agencies must facilitate and publish disclosures promptly; the insolvency professional must confirm arm's length appointments. Non-compliance or wrong disclosures attract legal action. Circulars IBC Tue, 16 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=62249