IBBI

Report on Insolvency Law Committee out – Major suggestions & Analysis

Corporate Law - Government set up INSOLVENCY LAW COMMITTEE on 16th November, 2017, to make recommendations to the Government on issues arising from the implementation of the Insolvency and Bankruptcy Code, 2016, as well as on the recommendations received from various stakeholders....

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9 Landmark Judgements in Insolvency and Bankruptcy Code, 2016

Corporate Law - The evolving law in due course is seeing some settlement (not by virtue of Article 142 of the Indian Constitution though), but some imperative issues, still some require settlement, and certain others warrant immediate changes. Briefly discussed below are a few imperative judicial pronouncements....

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Evaluation Matrix, Fair Value and Liquidation – the new matrix of amendments under Corporate Insolvency Resolution Process

Corporate Law - The Insolvency and Bankruptcy Board of India had made the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2018, effective from 6th February, 2018 (the 'Amendment Regulations, 2018)...

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Insolvency and Bankruptcy Code- The legal tangle continues

Corporate Law - The Insolvency and Bankruptcy Code, 2016 (the Code) has caused a paradigm shift in the manner in which cases of sick companies have been handled in India. The Code, which repeals the erstwhile Sick Industrial Companies (Special Provisions) Act, 1985 (SICA) ...

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23 FAQs on Valuation by Registered Valuers – Section 247

Corporate Law - Scope of person who have qualified as Register Valuer u/s 247 of Companies Act? A valuer shall conduct valuation required under the Act as per these rules and he may conduct valuation as per these rules if required under any other law or by any other regulatory authority....

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Process to be followed for registration as Registered Valuer with IBBI

Corporate Law - With an objective to familiarize the eligible and desirous individuals and entities with the process of registration as a valuer with the Insolvency and Bankruptcy Board (IBBI) , the IBBI today released the process required....

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Report of Insolvency Law Committee- March 2018 with key recommendations

Corporate Law - Report by the Insolvency Law Committee is a sincere attempt to encourage sustainable growth of the credit market in India, while safeguarding interests of various stakeholders. The key recommendations in this Report are as follows:...

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Rendering of Valuation Services without Registration Certificate

Corporate Law - Rule 11 of the Rules provides for transitional arrangement that any person, who may be rendering valuation services under the Companies Act, 2013 on the date of commencement of the Rules, may continue to render valuation services without a certificate of registration under the Rules up to 31st March, 2018...

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Suggest on regulation of fee payable to insolvency professional: IBBI

Corporate Law - Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper today on regulation of fee payable to insolvency professionals (IPs) and other process costs under Corporate Insolvency Resolution Process (CIRP). The discussion paper is available at www.ibbi.gov.in....

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IBBI commences valuation examinations

Corporate Law - INSOLVENCY AND BANKRUPTCY BOARD OF INDIA PRESS RELEASE 30th March, 2018 GST Certification Course on Pen-Drive by TaxGuru & GST Professionals Insolvency and Bankruptcy Board of India commences valuation examinations The Central Government notified the commencement of section 247 (relating to valuers) of the Companies Act, 2013 with effect ...

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Whether POA Holder Can File Application Under IBC, 2016

Shriram EPC Limited Vs. Rio Glass Solar SA (NCLAT Delhi) - The 'I&B Code' is a complete Code by itself. The provision of the Power of Attorney Act, 1882 cannot override the specific provision of a statute which requires that a particular act should be done by a person in the manner as prescribed thereunder. Therefore, we hold that a 'Power of Attorney Hold...

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Provisions for Disciplinary Proceedings against Insolvency Professionals

Notification No: LA/010/2018 - (23/04/2018) - The Insolvency and Bankruptcy Code, 2016 (Code) envisages that an insolvency professional may be appointed as interim resolution professional, resolution professional, liquidator, or a bankruptcy trustee if no disciplinary proceeding is pending against him. Some of these provisions are extracted at ...

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Pre-registration educational course under regulation 5(b) of IBBI (Insolvency Professionals) Regulations, 2016

Circular No. IPA/01 1/2018 - (23/04/2018) - In terms of the IBBI (Insolvency Professionals) Regulations, 2016, an individual is eligible for registration as an insolvency professional, subject to meeting other requirements, if he has completed a pre-registration educational course, as may be required by the Board, from an insolvency professio...

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Format of Annual Compliance Certificate for Insolvency Professional Agencies

Notification No: IPA/009/2018 - (19/04/2018) - IBBI, in consultation with IPAs, has devised the format of ANNUAL COMPLIANCE CERTIFICATE(Annexure A) to be submitted by the IPAs to the IBBI and to be displayed on its website within 45 days of the closure of the financial year....

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IBBI signs a MOU with Indian Institute of Corporate Affairs

No. IBBI/PR/2018/17 - (10/04/2018) - The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Indian Institute of Corporate Affairs (IICA). The MoU was signed by Ms. Geeta Singh Rathore, Chief Administrative Officer of the IICA and Mr. K. R. Saji Kumar, Executive Director of the IBBI...

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Compliance with IBBI (Insolvency Professionals) (Amendment) Regulations, 2018

CIRCULAR No. IPE/008/2018 - (05/04/2018) - In terms of the sub-regulation (2) of regulation 13 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, the recognition granted to an IPE is subject to the condition that the IPE shall at all times continue to satisfy the requirements under regulation 12....

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Recent Posts in "IBBI"

Provisions for Disciplinary Proceedings against Insolvency Professionals

Notification No: LA/010/2018 (23/04/2018)

The Insolvency and Bankruptcy Code, 2016 (Code) envisages that an insolvency professional may be appointed as interim resolution professional, resolution professional, liquidator, or a bankruptcy trustee if no disciplinary proceeding is pending against him. Some of these provisions are extracted at Annexure A....

Read More

Pre-registration educational course under regulation 5(b) of IBBI (Insolvency Professionals) Regulations, 2016

Circular No. IPA/01 1/2018 (23/04/2018)

In terms of the IBBI (Insolvency Professionals) Regulations, 2016, an individual is eligible for registration as an insolvency professional, subject to meeting other requirements, if he has completed a pre-registration educational course, as may be required by the Board, from an insolvency professional agency (IPA) after his enrolment as ...

Read More

Format of Annual Compliance Certificate for Insolvency Professional Agencies

Notification No: IPA/009/2018 (19/04/2018)

IBBI, in consultation with IPAs, has devised the format of ANNUAL COMPLIANCE CERTIFICATE(Annexure A) to be submitted by the IPAs to the IBBI and to be displayed on its website within 45 days of the closure of the financial year....

Read More

IBBI signs a MOU with Indian Institute of Corporate Affairs

No. IBBI/PR/2018/17 (10/04/2018)

The Insolvency and Bankruptcy Board of India (IBBI) signed a Memorandum of Understanding (MoU) today with the Indian Institute of Corporate Affairs (IICA). The MoU was signed by Ms. Geeta Singh Rathore, Chief Administrative Officer of the IICA and Mr. K. R. Saji Kumar, Executive Director of the IBBI ...

Read More

Compliance with IBBI (Insolvency Professionals) (Amendment) Regulations, 2018

CIRCULAR No. IPE/008/2018 (05/04/2018)

In terms of the sub-regulation (2) of regulation 13 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, the recognition granted to an IPE is subject to the condition that the IPE shall at all times continue to satisfy the requirements under regulation 12....

Read More

Process to be followed for registration as Registered Valuer with IBBI

With an objective to familiarize the eligible and desirous individuals and entities with the process of registration as a valuer with the Insolvency and Bankruptcy Board (IBBI) , the IBBI today released the process required....

Read More
Posted Under: Income Tax |

Report of Insolvency Law Committee- March 2018 with key recommendations

Report by the Insolvency Law Committee is a sincere attempt to encourage sustainable growth of the credit market in India, while safeguarding interests of various stakeholders. The key recommendations in this Report are as follows:...

Read More
Posted Under: Income Tax |

Report on Insolvency Law Committee out – Major suggestions & Analysis

Government set up INSOLVENCY LAW COMMITTEE on 16th November, 2017, to make recommendations to the Government on issues arising from the implementation of the Insolvency and Bankruptcy Code, 2016, as well as on the recommendations received from various stakeholders....

Read More
Posted Under: Income Tax |

Rendering of Valuation Services without Registration Certificate

Rule 11 of the Rules provides for transitional arrangement that any person, who may be rendering valuation services under the Companies Act, 2013 on the date of commencement of the Rules, may continue to render valuation services without a certificate of registration under the Rules up to 31st March, 2018...

Read More
Posted Under: Income Tax |

Suggest on regulation of fee payable to insolvency professional: IBBI

Insolvency and Bankruptcy Board of India (IBBI) released a discussion paper today on regulation of fee payable to insolvency professionals (IPs) and other process costs under Corporate Insolvency Resolution Process (CIRP). The discussion paper is available at www.ibbi.gov.in....

Read More
Posted Under: Income Tax |
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