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    <title>FORMS TO BE FILED WITH IBBI BY IRP/RP DURING CIRP</title>
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    <description>The substituted Regulation requires the IRP/RP to file specified CP series forms with the Board recording stage wise CIRP activities: CP 1 (commencement to CoC constitution), CP 2 (CoC to RFRP), CP 3A/3B (filing and approval of resolution plan/liquidation/closure), CP 4 (avoidance transaction reports) and monthly CP 5 updates. Specified timelines apply (generally the 10th day of the subsequent month or seven days for adjudicatory disposals). The IRP/RP must ensure accuracy and completeness; late filing attracts a fee per form per month and regulatory action for failure, delay or inaccurate submissions.</description>
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    <pubDate>Fri, 30 May 2025 15:42:44 +0530</pubDate>
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      <link>https://www.taxtmi.com/article/detailed?id=14533</link>
      <description>The substituted Regulation requires the IRP/RP to file specified CP series forms with the Board recording stage wise CIRP activities: CP 1 (commencement to CoC constitution), CP 2 (CoC to RFRP), CP 3A/3B (filing and approval of resolution plan/liquidation/closure), CP 4 (avoidance transaction reports) and monthly CP 5 updates. Specified timelines apply (generally the 10th day of the subsequent month or seven days for adjudicatory disposals). The IRP/RP must ensure accuracy and completeness; late filing attracts a fee per form per month and regulatory action for failure, delay or inaccurate submissions.</description>
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