https://www.taxtmi.com/notifications?id=131525 The amendments insert a rule that an authorised representative shall cast votes for each financial creditor or on behalf of all financial creditors he represents, re-order payment priority so operational creditors are paid before financial creditors and dissenting financial creditors are paid before consenting ones, expressly permit restructuring by merger/amalgamation/demerger, and introduce mandatory electronic filing of specified Forms by insolvency professionals with defined timelines, Board-modifiable Forms, monthly late fees per Form, and Board remedies for non-filing, inaccuracies or delays. Schedule Forms B and H are revised for security disclosure and detailed plan payment reporting. en-us Wed, 27 Nov 2019 00:00:00 +0530 Fri, 29 Nov 2019 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=131525 The amendments insert a rule that an authorised representative shall cast votes for each financial creditor or on behalf of all financial creditors he represents, re-order payment priority so operational creditors are paid before financial creditors and dissenting financial creditors are paid before consenting ones, expressly permit restructuring by merger/amalgamation/demerger, and introduce mandatory electronic filing of specified Forms by insolvency professionals with defined timelines, Board-modifiable Forms, monthly late fees per Form, and Board remedies for non-filing, inaccuracies or delays. Schedule Forms B and H are revised for security disclosure and detailed plan payment reporting. Notifications IBC Wed, 27 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/notifications?id=131525