https://www.taxtmi.com/news?id=72474 Proposed amendments to the Voluntary Liquidation Process Regulations, 2017 revise claims handling, introduce a new termination mechanism, and move operational forms to Board circulars. The liquidator must record reasons for rejecting claims and communicate admission or rejection within seven days, while recourse against the decision is reframed as an approach to the Adjudicating Authority. A new Regulation 42 sets out termination safeguards, reporting requirements, seven-day intimation obligations, and the legal effect of termination on the liquidator's appointment and powers. en-us Tue, 21 Apr 2026 16:19:45 +0530 Tue, 21 Apr 2026 16:56:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72474 Proposed amendments to the Voluntary Liquidation Process Regulations, 2017 revise claims handling, introduce a new termination mechanism, and move operational forms to Board circulars. The liquidator must record reasons for rejecting claims and communicate admission or rejection within seven days, while recourse against the decision is reframed as an approach to the Adjudicating Authority. A new Regulation 42 sets out termination safeguards, reporting requirements, seven-day intimation obligations, and the legal effect of termination on the liquidator's appointment and powers. News - Tue, 21 Apr 2026 16:19:45 +0530 https://www.taxtmi.com/news?id=72474