"Manoj Kumar Anand is a Delhi-based Chartered Accountant (35+ years’ experience) and Insolvency Professional (6+ years’ experience) and involved in around 32 assignments as IRP/RP/Liquidator/Process Advisor under IBC 2016. He has co-authored books on 1) Valuation & 2) Enterprise Management of CD by RP & running the IBC-IP Creative YouTube channel. He is also visiting faculty at various seminars held by ICAI, ICSI, CBI, etc., and regularly writing Articles on IBC, and I-Tax. He is a Director in Decode Insolvency an IPE & founder President of AIIPA an insolvency professional association, Special Invitee to the Committee on IBC of ICAI, Co-Convener of BVSS-IBC Group & Vice Chairman of the Committee on IBC of GIPA."
Explore the latest amendments by IBBI in 5 key regulations, impacting insolvency professionals, liquidation processes, and bankruptcy proceedings.
Discover significant amendments in IBBI (Insolvency Resolution Process for Corporate Persons) Regulations of 2023. Explore new regulations, timelines, and increased auditor roles.
Explore proposed sweeping changes in the Insolvency and Bankruptcy Code (IBC) 2016 by the Ministry of Corporate Affairs. The changes aim to enhance transparency, incorporate technology, empower authorities, and streamline processes. Key proposals include redesigning fast-track CIR processes, addressing real estate cases, equitable distribution of proceeds, granting more powers to authorities, relaxing pre-pack procedures, mingling assets of CD & guarantor, and introducing an electronic platform.
Analysis of recent amendments to IBC Regulations covering Insolvency Resolution Process (CIRP), Liquidation Process, and Voluntary Liquidation Process by IBBI. Changes include mandatory communication in CIR process, extended timeline for Information Memorandum submission, and reduced timeline for compromise proposal in liquidation. The article provides an in-depth overview of amendments, ensuring clarity for stakeholders in the insolvency ecosystem.
Analysis of last dates of filling in lieu of extensions granted by I-Tax authorities & UDIN uploading by ICAI without any extension by MCA. 1. CBDT in lieu of non-proper working of I-Tax portal granted extension in filling of Income Tax Returns vide circular no 17/2021 dated 9th Sept 2021. Please note this is the […]
The Government of India promulgated Insolvency and Bankruptcy Code (Amendment) Ordinance, 2021 on 4th April 2021 alongwith relevant Rules & Regulations for Pre-Packaged Insolvency Resolution Process under IBC for Micro, Small and Medium Enterprises (MSMEs). There is great apprehension in the minds of all stakeholders whether it will be practically successful or remain on the papers […]
Budget 2021 has brought cheers to many in the business & professional world. Sensex started rising even before budget from 29th Jan 2021 & gained 4,446 points and achieved it’s peak to 50,731 as on 05th Feb 2021. In fact IMF already projected 11.5 % growth for India before Budget as on 26th Jan 2021. […]
The Insolvency and Bankruptcy Board of India as per discussion paper dated 26th August, 2020 asked for comments on 2 issues being (i) determining the corpus of liquidation estate and (ii) the entitlement of stakeholders so that new regulations is brought. Further new concept of NRRA has been brought in this discussion paper which means […]
26AS Form in new format under I-Tax Rule 114-I have been notified wef 1.6.2020. Please note all the information in it is auto populated and earlier it was mainly providing information wrt Tax (TDS, TCS, Advance Tax etc) alongwith Gross Income only. But now new 26AS form shall be a complete profile of taxpayer’s financial […]
1. Existing provisions u/s 153 of I-Tax act 1961 prescribes various limitation periods for completion of assessments under I-Tax act 1961. The IBC act 2016 stipulates as per section 60(6) that moratorium period be excluded from Limitation period. However I-Tax authorities never accept the overriding power of IBC’s as per section 238 of IBC 2016 […]
