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    <title>Feature for modification of CIRP Forms (including IP-1 Form) submitted by an Insolvency Professional (IP) in compliance of regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.</title>
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    <description>Feature enables online modification of CIRP Forms (including IP-1) by an insolvency professional under regulation 40B. Sub-regulation (3) requires accuracy and completeness of filed Forms; sub-regulation (4) permits correction or updating by submitting a modified Form on the platform on payment of the applicable fee. The Board has enabled this platform feature and has waived the modification fee until 31st March, 2020. Insolvency professionals are advised to exercise due care and diligence in submissions and file Forms in time to avoid non-compliance consequences.</description>
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      <link>https://www.taxtmi.com/circulars?id=64043</link>
      <description>Feature enables online modification of CIRP Forms (including IP-1) by an insolvency professional under regulation 40B. Sub-regulation (3) requires accuracy and completeness of filed Forms; sub-regulation (4) permits correction or updating by submitting a modified Form on the platform on payment of the applicable fee. The Board has enabled this platform feature and has waived the modification fee until 31st March, 2020. Insolvency professionals are advised to exercise due care and diligence in submissions and file Forms in time to avoid non-compliance consequences.</description>
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