TaxTMI 
TaxTMI 
Authorised representative
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....ass in such Form] shall not be considered, ^11[if that Form] is received after the time stipulated in the public announcement.] (2) The interim resolution professional shall apply to the Adjudicating Authority for appointment of the authorised representatives selected under sub-regulation (1) within two days of the verification of claims received under sub-regulation (1) of ^7[regulation 12:] ^8[Provided that till the application for appointment of the authorised representative for a class of creditors is under consideration before the Adjudicating Authority, the insolvency professional selected under sub-regulation (1) shall act as an interim representative for such class of creditors, and shall be entitled to attend the me....
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....ution professional or the resolution professional, as the case may be, shall provide an updated list of creditors in each class to the respective authorised representative as and when the list is updated. Clarification: The authorised representative shall have no role in receipt or verification of claims of creditors of the class he represents. (6) The interim resolution professional or the resolution professional, as the case may be, shall provide electronic means of communication between the authorised representative and the creditors in the class. (7) The voting share of a creditor in a class shall be in proportion to the financial debt which includes an interest at the rate of eight per cent per annum unless a different r....
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....reliminary views, and the said window opens at least twenty-four hours after the authorized representative seeks preliminary views: Provided further that such preliminary views shall not be considered as voting instructions by the creditors.]] ^5[(10) The authorised representative shall: - (a) assist the creditors in a class he represents in understanding the discussions and considerations of the committee meetings and facilitate informed decision-making; (b) review the contents of minutes prepared by the resolution professional and provide his comments to the resolution professional, if any; (c) help the creditors in a class he represents during the consultations made by the resolution professional to prepa....
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....n of their interest in the committee.] ************* NOTES:- 1. Inserted vide Notification No. IBBI/2018-19/GN/REG031 dated 03-07-2018 2. Substituted vide Notification No. IBBI/2020-21/GN/REG064 dated 07-08-2020 before it was read as "(9) The authorised representative shall circulate the agenda to creditors in a class and announce the voting window at least twenty-four hours before the window opens for voting instructions and keep the voting window open for at least twelve hours." 3. Inserted vide Notification No. IBBI/2023-24/GN/REG106 dated 18-09-2023 4. Substituted vide Notification No. IBBI/2023-24/GN/REG106 dated 18-09-2023 before it was rea....