Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2024

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....Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017, namely: - 1. (1) These Regulations may be called the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) (Amendment) Regulations, 2024.    (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017 (hereinafter referred to as 'the principal regulations'), in regulation 3, in sub-regulation (1) - (I) in clause (a), after the phrase "as the case may be, verified by an affidavit stating that - " - (a) in sub-clause (i), the word "and", after the words and mark "the liquidation;", ....

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.... as the case may be, as stipulated in sub-regulation (1), till submission of application for dissolution of the corporate person; and" (c) in clause (b), (i) the word "Annual" shall be omitted. (ii) in sub-clause (iii), the word "and" shall be omitted. (iii) in sub-clause (v), the word "and" shall be omitted. (iv) in sub-clause (vi), the mark ".", shall be substituted with the word and mark "; and". (v) after sub-clause (vi), the following sub-clause shall be inserted, namely:- "(vii) the reasons for not completing the process within stipulated time period and the additional time required for completing the process." (II) in sub-regulation (3), the word "Ann....