https://www.taxtmi.com/notifications?id=136139 Amendments clarify that an interim resolution professional or resolution professional must cease to act where their insolvency professional entity or its partners/directors represent other stakeholders; require disclosure of all former names and registered offices of a corporate debtor changed within two years prior to the insolvency commencement date in all communications and records; prescribe appointment of two registered valuers to determine fair and liquidation values and permit additional professionals appointed on an arm's-length, objective and transparent basis while prohibiting certain conflicted appointees; and mandate that fee invoices be raised in the professional's name and paid directly to their bank account. en-us Wed, 14 Jul 2021 00:00:00 +0530 Thu, 15 Jul 2021 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=136139 Amendments clarify that an interim resolution professional or resolution professional must cease to act where their insolvency professional entity or its partners/directors represent other stakeholders; require disclosure of all former names and registered offices of a corporate debtor changed within two years prior to the insolvency commencement date in all communications and records; prescribe appointment of two registered valuers to determine fair and liquidation values and permit additional professionals appointed on an arm's-length, objective and transparent basis while prohibiting certain conflicted appointees; and mandate that fee invoices be raised in the professional's name and paid directly to their bank account. Notifications IBC Wed, 14 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/notifications?id=136139