https://www.taxtmi.com/article/detailed?id=8830 The rules apply the Code's corporate insolvency and liquidation framework to notified financial service providers, replacing "corporate debtor" with "financial service provider" and designating an administrator to perform roles of insolvency professionals. Only the appropriate regulator may initiate insolvency proceedings and propose the administrator. An interim moratorium operates from filing until admission or rejection, with exclusions for third party assets. An Advisory Committee appointed by the regulator advises the administrator, and resolution plans require regulator "no objection" based on fit and proper criteria. en-us Thu, 21 Nov 2019 09:33:52 +0530 Thu, 21 Nov 2019 09:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=8830 The rules apply the Code's corporate insolvency and liquidation framework to notified financial service providers, replacing "corporate debtor" with "financial service provider" and designating an administrator to perform roles of insolvency professionals. Only the appropriate regulator may initiate insolvency proceedings and propose the administrator. An interim moratorium operates from filing until admission or rejection, with exclusions for third party assets. An Advisory Committee appointed by the regulator advises the administrator, and resolution plans require regulator "no objection" based on fit and proper criteria. Articles Corporate Laws / IBC / SEBI Thu, 21 Nov 2019 09:33:52 +0530 https://www.taxtmi.com/article/detailed?id=8830