, CS GAURAV SHARMA

Wednesday, July 18, 2018

Appointment of Authorised Representative for Classes of Creditors under section 21 (6A) (b) of the Insolvency and Bankruptcy Code, 2016

Appointment of Authorised Representative for Classes of Creditors under section 21 (6A) (b) of the Insolvency and Bankruptcy Code, 2016

It is clarified that wherever the approval of resolution plan under regulation 39 (3) of the Regulations is at least 15 days away, the resolution professional shall expeditiously obtain, by electronic means, the choice of the insolvency professional from creditors in a class to act as the authorised representative of the class and proceed further in the manner as specified in regulation 16A of the Regulations.

http://ibbi.gov.in/webadmin/pdf/legalframwork/2018/Jul/ClarificationNo.%20IBBI-CIRP-015-2018%20dated%2013072018-Approved_2018-07-13%2020:07:34.pdf









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MGT-7 Is being changed and will be made available shortly

Please be noted that MGT-7 Form version is being changed and will be made available shortly. Request you to check for the latest version before proceeding with the filing.







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CENTRALISED SECURITY & PROSECUTION MECHANISM (CSPM) on IEPF

CSPM has been established in the Ministry and a few officers have been appointed as Inspectors for the compliance of section 124 and 125 of the Companies Act, 2013 [Sections on IEPF]. Henceforth, any scrutiny to be done with regard to IEPF matters will be taken up by the appointed officers.

RDs and ROCs have been directed not to scrutinise any matter under section 124 and 125.

Sanction of the prosecution shall be reported to the concerned ROC, who, shall within a fortnight to the concerned Inspector.



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