Disclosure of information relating to carry forward of losses in Information Memorandum (IM)

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.... All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI) Dear Madam/Sir, Subject: Disclosure of information relating to carry forward of losses in Information Memorandum (IM) The Insolvency and Bankruptcy Board of India (IBBI) had amended Regulation 36 of the IBBI (Insolv....

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.... the following aspects: a) The quantum of carry forward losses available to the corporate debtor ; b) A breakdown of these losses under specific heads as per the Income Tax Act, 1961; c) The applicable time limits for utilizing these losses; and d) If there are no carry forward of losses available to the Corporate debtor , the Information Memorandum should expli....