https://www.taxtmi.com/notifications?id=145950 Amendments to the personal guarantor insolvency resolution regulations replace prescribed forms with circular-notified formats, omit existing forms, and expand disclosure and reporting requirements. A detailed statement of assets must accompany the application, covering direct and indirect holdings, joint assets, fiduciary holdings, beneficial ownership structures, and assets controlled or from which economic benefit is derived. The regulations also provide for coordination between resolution professionals and creditor approval in relation to transfer of assets, with disclosure obligations in the relevant reports. en-us Mon, 01 Jun 2026 00:00:00 +0530 Sat, 06 Jun 2026 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=145950 Amendments to the personal guarantor insolvency resolution regulations replace prescribed forms with circular-notified formats, omit existing forms, and expand disclosure and reporting requirements. A detailed statement of assets must accompany the application, covering direct and indirect holdings, joint assets, fiduciary holdings, beneficial ownership structures, and assets controlled or from which economic benefit is derived. The regulations also provide for coordination between resolution professionals and creditor approval in relation to transfer of assets, with disclosure obligations in the relevant reports. Notifications IBC Mon, 01 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/notifications?id=145950