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

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....ll 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 (Insolvency Resolution Process for Corporate Persons) Regulations, 201....

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Full Text of the Document

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....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 explicitly specify the fact. 3. This enhanced disclosure framework is intended to provide potenti....

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