https://www.taxtmi.com/notifications?id=143132 The amendments require a Corporate Liquidation Account, mandate electronic filing of LIQ forms covering liquidation phases with accuracy and late-filing fees, and permit regulatory action for non-compliance. Auction rules now mandate bidder access for due diligence, an undertaking on ineligibility, prompt verification of the highest bidder by the liquidator, presentation of results to the consultation committee, and procedures to forfeit earnest money and consider the next bidder if ineligibility is found. Schedule and form revisions enhance disclosure of stakeholders entitled to unclaimed dividends and undistributed proceeds. en-us Tue, 28 Jan 2025 00:00:00 +0530 Fri, 31 Jan 2025 12:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=143132 The amendments require a Corporate Liquidation Account, mandate electronic filing of LIQ forms covering liquidation phases with accuracy and late-filing fees, and permit regulatory action for non-compliance. Auction rules now mandate bidder access for due diligence, an undertaking on ineligibility, prompt verification of the highest bidder by the liquidator, presentation of results to the consultation committee, and procedures to forfeit earnest money and consider the next bidder if ineligibility is found. Schedule and form revisions enhance disclosure of stakeholders entitled to unclaimed dividends and undistributed proceeds. Notifications IBC Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/notifications?id=143132