Seeks to make amendments to special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 - 398/2020/5(120)/XXVII(8)/2020/CT-39 - Uttarakhand SGST

Government of Uttarakhand Finance Section-8 No. 398/2020/5(120)/XXVII(8)/2020/CT-39 Dehradun : Dated: 12 June, 2020 Notification WHEREAS, the State Government is satisfied that it is expedient so to do in public interest; NOW, THEREFORE, In exercise of the powers conferred by section 148 of the Uttarakhand Goods and Services Tax Act, 2017 (Act No. 06 of 2017). the Governor, on the recommendations of the Council, is pleased to allow to make the following amendments in the notification of the Government of Uttarakhand No. 328/2020/5(120)/XXVII (8)/ 2020/CT-II dated 20 May, 2020, namely :- In the said notification in the first paragraph, the following proviso shall be inserted, namely: - Provided that the said class of persons shall not include those corporate debtors who have furnished the statements under section 37 and the returns under section 39 of the said Act for all the tax periods prior to the appointment of IRP/RP. ; for the paragraph 2, with effect from the 21 st March, 2020, the following paragraph shall be substituted, namely : - 2. Registration .- The said class of persons shall, with effect from the date of appointment of IRP/RP, be treated as a distinct person of the Corporate debtor, and shall be liable to take a new registration (hereinafter referred to as the new registration) in each of the States or Union territories where the corporate debtor was registered earlier, within thirty days of the appointment of the IRP/RP or by 30th June, 2020, whichever is later. (Amit Singh Negi) Secretary