+91 22 1234 5678 info@mehtacs.com
ICSI Registered | Est. 1990
IBC Updates

IBBI (Insolvency Professionals) Regulations, 2016

IBC Updates

IBBI (Insolvency Professionals) Regulations, 2016


Regulation Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2023. Comments Reg 31(A)- Regulatory fees in sub reg (1) after proviso Explanation is inserted For removal of doubts, it is hereby clarified that the regulatory fee under this sub-regulation, shall not be payable in cases where the approved resolution plan in respect of insolvency resolution of a real estate project is from an association or group of allottees in such real estate project It is clarified that regulatory fees shall not be payable in cases where the approved resolution plan in respect of insolvency resolution of a real estate project is from an association or group of allottees in such a real estate project.

Regulation Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2023. Comments Reg 5 – Qualifications and Experience in clause (c), in sub-clause (ii) successfully completed the [Graduate Insolvency Programme, as may be approved by the Board successfully completed the [Post] Graduate Insolvency Programme, as may be approved by the Board Before the words “Graduate Insolvency Programme”, the word “Post” shall be inserted

Note in Form A In table (iii) Insolvency Examination, in Sl. No. 2 row, before the words “Graduate Insolvency Programme”, the word “Post” shall be inserted.