<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>PREPARATION OF INFORMATION MEMORANDUM DURING CORPORATE INSOLVENCY RESOLUTION PROCESS</title>
    <link>https://www.taxtmi.com/article/detailed?id=9643</link>
    <description>An Information Memorandum, prepared by the Resolution Professional in the form and manner specified by the Board, must contain all relevant information needed by resolution applicants-financial position, disputes, assets and liabilities, audited and provisional financial statements, creditor lists, related-party dealings, guarantees, material litigation, employee liabilities, and ownership stakes. The resolution professional must provide access to the memorandum subject to confidentiality and intellectual property undertakings, furnish additional information to the committee when material to resolution plans, comply with statutory time limits for submission, and faces disciplinary consequences for failure unless access to records is obstructed by third parties or non-cooperation of former directors.</description>
    <language>en-us</language>
    <pubDate>Wed, 27 Jan 2021 10:20:28 +0530</pubDate>
    <lastBuildDate>Wed, 27 Jan 2021 10:20:28 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=633913" rel="self" type="application/rss+xml"/>
    <item>
      <title>PREPARATION OF INFORMATION MEMORANDUM DURING CORPORATE INSOLVENCY RESOLUTION PROCESS</title>
      <link>https://www.taxtmi.com/article/detailed?id=9643</link>
      <description>An Information Memorandum, prepared by the Resolution Professional in the form and manner specified by the Board, must contain all relevant information needed by resolution applicants-financial position, disputes, assets and liabilities, audited and provisional financial statements, creditor lists, related-party dealings, guarantees, material litigation, employee liabilities, and ownership stakes. The resolution professional must provide access to the memorandum subject to confidentiality and intellectual property undertakings, furnish additional information to the committee when material to resolution plans, comply with statutory time limits for submission, and faces disciplinary consequences for failure unless access to records is obstructed by third parties or non-cooperation of former directors.</description>
      <category>Articles</category>
      <law>Corporate Laws / IBC / SEBI</law>
      <pubDate>Wed, 27 Jan 2021 10:20:28 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/article/detailed?id=9643</guid>
    </item>
  </channel>
</rss>