Aim: To ensure filing of authentic information with IBBI and further enable IBBI to share information relating to the application for initiation of CIRP with the IU efficiently Result/Impact: The format for filing application for initiating CIRP agai...
Read MoreApplicability: All Listed Companies / Interim Resolution Professionals (IRP)/ Resolution Professionals (RP) (Segment- Equity) Aim: Strict adherence to filing the disclosures at various stages of Corporate Insolvency Resolution Process (CIRP) in the d...
Read MoreAim: Enhancement of the discipline, transparency, and accountability in corporate insolvency proceedings Result/Impact: 1. An insolvency professional (IP) conducting CIRP required to disclose all former names and registered office address(es) so chan...
Read MoreResult/Impact: The Form CIRP 8 is required to be filed for all corporate insolvency resolution processes ongoing or commencing on or after 14th July 2021. The format for Form CIRP 8 is at Annexure.It is directed that the Form CIRP 8 shall be filed in...
Read MoreAim: To ensure that the company undergoing Corporate Insolvency Resolution Process complies with the applicable laws, including SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018. Source: BSE Notice No. 20210709-9 dated July 9, ...
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Aim: Proper monitoring of progress of CIRP Result/Impact: Regulation 40B of the CIRP regulations require an IRP/RP to file a set of forms (CIRP 1 to CIRP 6) within seven days of completion of specific activities. This implies that a Form (CIRP 1 to C...
Read MoreAim: To maintain several records in relation to the assignments conducted by IP and to empower the Inspecting Authority / Investigating Authority to direct the IP to submit records. Result/Impact: IBBI in consultation with the IPAs and IPs, directs I...
Read MoreAim: To prevent the corporate persons which are experiencing distress being pushed into insolvency proceedings under the IB Code,2016 and to exclude the defaults arising due to the unprecedented situation of distress from the insolvency proceedings. ...
Read MoreAim: To examine certain policy proposals, to remove redundant provisions, to align with existing applicable acts and other SEBI Regulations, and also to address certain operational difficulties Result/Impact: “SEBI in its meeting held on Decemb...
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