LEGAL FRAMEWORK Circulars

Date circulars
22.02.2024 Enhancing Transparency and Stakeholder Engagement in Liquidation Process  
22 Feb 2024 Deposit and withdrawal of unclaimed dividends and / or undistributed proceeds in accordance with regulation 46 of the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016 (Liquidation Regulations).  
13 Feb 2024 Deposit and withdrawal of unclaimed dividends and / or undistributed proceeds in accordance with regulation 39 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017.  
13.02.2024 Reporting / Sharing of information in the Voluntary Liquidation process  
12.02.2024 Sharing of the Report prepared by the Resolution Professional under section 99 of the Insolvency and Bankruptcy Code, 2016 to both debtor and creditor.  
01.02.2024 Measures for rationalisation of the regulatory framework of Insolvency Professional Entities  
18.01.2024 Reduction of cooling-off period between two consecutive attempts in Limited Insolvency Examination and Valuation Examinations  
Dec 2023 Clarification regarding submission of particulars and declaration by the insolvency professionals in the application filed by creditor(s) in Part IV of Form C of the IRP PGCD Rules.  
Sept 2023 : Clarification w.r.t. Liquidators’ fee under clause (b) of sub-regulation (2) of Regulation 4 of IBBI (Liquidation Process) Regulations, 2016  
Jun 2023 Application to initiate corporate insolvency resolution process under sections 7 or 9 of the Insolvency and Bankruptcy Code, 2016, along with record of the default issued by the Information Utility.  
March 2023 Serving of copy of applications to the Board, as mandated under Rules 4, 6 and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016  
Dec 2022 Proforma for reporting liquidator’s decision(s) different from the advice of Stakeholders’ Consultation Committee (SCC) under proviso to sub-regulation (10) of regulation 31A of IBBI (Liquidation Process) Regulations, 2016  
Nov 2022 Payment of fees to the Insolvency and Bankruptcy Board of India (the IBBI/ Board)  
Sep 2022 Details of matters pending with Supreme Court of India and various High Courts  
Aug 2022 Revision of fees applicable for Limited Insolvency Examination and Valuation Examinations.  
May 2022 Review of Circulars  
Apr 2022 Clarifications with respect to Temporary Surrender of Professional Membership  
Jun 2022 Application under Rule 4, 6 or 7 of Insolvency and Bankruptcy (Application to Adjudication Authority) Rules, 2016  
Nov 2021 Filing of list of creditors under clause (ca) of sub-regulation (2) of regulation 13 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.  
30.09.2021 IBBI’s Electronic Platform for hosting Public Notices of Auctions of Liquidation Assets under the IBBI (Liquidation Process) Regulations, 2016.  
28.07.2021 Monetary Penalties to be imposed by an Insolvency Professional Agency  
16.04.2021 Consideration of matters / issues by the committee of creditors on request by members of the committee.  
18.03.2021 Reporting of status of ongoing corporate insolvency resolution processes (CIRPs) through Form CIRP 7  
02.02.2021 Providing copy of application to the Board, as mandated under Rule 9 of the Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019.  
06.01.2021 Retention of records relating to Corporate Insolvency Resolution Process  
4 Dec,2020 Clarification- Computation of fee payable for delay in filings under regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.  
27 Nov,2020 Filing of list of creditors under clause (ca) of sub-regulation (2) of regulation 13 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations,  
29 Oct,2020 Circular-Serving of copy of the application to the Board, as mandated under Rules 4, 6and 7 of the Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules,  
09 Oct,2020 Circular- Meetings of the Disciplinary Committee and Appellate Panel of the RVOs  
23 Apr,2020 Governance Structure of the Registered Valuers Organisation  
20 Mar,2020 Educational Course and Continuing Education under the Companies (Registered Valuers and Valuation) Rules,2017  
20 Mar,2020 Pre-registration Educational Course under the IBBI (Insolvency Professional) Regulations, 2016.  
17 March, 2020 Feature for modification of CIRP Forms submitted by an IP in compliance of regulation 40B of the CIRP Regulation,2016  
17 Feb, 2020 MCA Circular for filing of various forms in the registry (MCA-21) by IPs appointed under IBC,2016  
20 Jan, 2020 Deposit of unclaimed dividends and undistributed proceeds of voluntary liquidation in accordance with regulation 36 of the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulation,2017  
09 Jan, 2020 Deposit of unclaimed dividend and distributed proceeds of liquidation process in accordance with regulation 46 of the IBBI (Liquidation Process) Regulation, 2016  
06 Dec, 2019 Clarification-Voting on behalf of creditors in a class in the CIRP of Jaypee Infratech Limited  
16 Sept,2019 Valuation required under the provisions of the Companies Act, 2013 and the Insolvency and Bankruptcy Code,2016  
07 Sept,2019 Statutory Repositories under regulation 21(2)(ii) of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations,2017  
26 Aug,2019 Applicability of the Insolvency and Bankruptcy Board of India (Liquidation Process) (Amendment ) Regulation, 2019 notified on 25th July,2019  
14 Aug, 2019 Filing of Forms for the purpose of monitoring CIRPs and performance of IPs under the IBC, 2016 and the regulations made thereunder  
13 Aug, 2019 Valuation under the Insolvency and Bankruptcy Code, 2016: Appointment of Registered Valuer  
02 May, 2019 Temporary Surrender and Revival of Professional Membership of an Insolvency Professional  
12 Apr, 2019 Compliance with regulations 7(2) (ca) and 13 (2) (ca) of IBBI (Insolvency Professionals) Regulations, 2016  
17 Oct, 2018 Valuation under the Insolvency and Bankruptcy Code, 2016  
14 Sep, 2018 Voting in the Committee of Creditors  
31 Aug, 2018 Compliance of regulation 13 (2) of the IBBI (Insolvency Professionals) Regulations, 2016  
10 Aug, 2018 Notice for Meetings of the Committee of Creditors  
13 Jul, 2018 Appointment of Authorised Representative for Classes of Creditors under section 21 (6A) (b) of the Insolvency and Bankruptcy Code, 2016  
06 Jul, 2018 Empanelment of Insolvency Professional Entities  
12 Jun, 2018 Fee and other Expenses incurred for Corporate Insolvency Resolution Process  
30 May, 2018 Enrolment as Valuer Member by Registered Valuers Organisation and Registration as Registered Valuer by the Authority  
23 Apr, 2018 Commencement of Disciplinary Proceedings  
23 Apr, 2018 Pre- registration educational course under regulation 5(b) of the IBBI (Insolvency Professionals) Regulations, 2016  
19 Apr, 2018 Annual Compliance Certificate for Insolvency Professional Agencies  
05 Apr, 2018 Compliance with IBBI (Insolvency Professionals) (Amendment) Regulations, 2018  
23 Feb, 2018 Designated website for publishing Forms under the Regulations  
23 Feb, 2018 Confidentiality of Information relating to processes under the IBC 2016  
16 Jan, 2018 Fees payable to an insolvency professional and to other professionals appointed by an insolvency professional  
16 Jan, 2018 Disclosures by Insolvency Professionals and other Professionals appointed by Insolvency Professionals conducting Resolution Processes  
03 Jan, 2018 Insolvency professional to use Registration Number and Registered Address in all his communications  
03 Jan, 2018 Insolvency professional to ensure compliance with provisions of the applicable laws.  
03 Jan, 2018 Insolvency professional not to outsource his responsibilities