Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

FORM FOR PUBLIC ANNOUNCEMENT

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Dear Experts, I was appointed as IRP in one personal guarantor case. I have to issue public announcement. There is no prescribed format in the Code and regulations. Can any one can make it available to me. Thanks in advance. - Reply By Sadanand Bulbule - The Reply = Dear Sir Is this what you intend to have? FORM A Public Announcement (Under Regulation 6 of the Insolvency and Bankruptcy Board of In .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... dia (Insolvency Resolution Process for Corporate Persons) Regulations, 2016) FOR THE ATTENTION OF THE CREDITORS OF [NAME OF CORPORATE DEBTOR] Relevant Particulars Name of corporate debtor Date of incorporation of corporate debtor Authority under which corporate debtor is incorporated / registered Corporate Identity No. / Limited Liability Identification No. of corporate debtor Address of the regis .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tered office and principal office (if any) of corporate debtor Insolvency commencement date in respect of corporate debtor Estimated date of closure of insolvency resolution process Name and registration number of the insolvency professional acting as interim resolution professional 9. Address and e-mail of the interim resolution professional, as registered with the Board 10. Address and e-mail to .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... be used for correspondence with the interim resolution professional 11. Last date for submission of claims 12. Classes of creditors, if any, under clause (b) of sub-section (6A) of section 21, ascertained by the interim resolution professional Name the class(es) 13. Names of Insolvency Professionals identified to act as Authorised Representative of creditors in a class (Three names for each class .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ) 1. 2. 3. 14. Relevant Forms and Details of authorized representatives are available at: Web link: .. Physical Address: . Notice is hereby given that the National Company Law Tribunal has ordered the commencement of a corporate insolvency resolution process of the [name of the corporate debtor] on [insolvency commencement date]. The creditors of [name of the corporate debtor], are hereby called u .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... pon to submit their claims with proof on or before [insert the date falling fourteen days from the appointment of the interim resolution professional] to the interim resolution professional at the address mentioned against entry No. 10. The financial creditors shall submit their claims with proof by electronic means only. All other creditors may submit the claims with proof in person, by post or b .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... y electronic means. A financial creditor belonging to a class, as listed against the entry No. 12, shall indicate its choice of authorised representative from among the three insolvency professionals listed against entry No.13 to act as authorised representative of the class [specify class] in Form CA. Submission of false or misleading proofs of claim shall attract penalties. Name and Signature of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Interim Resolution Professional : Date and Place : - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Dear Sir, This is meant for Corporate Insolvency Resolution Process. I asked is for insolvency resolution process by personal guarantor to corporate debtor. I sought clarifications from IBBI. IBBI now clarified that the CIRP forms and not applicable to personal guarantor case. Therefore the adver .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tisement may be in any form but includes the ingredients as contained in the Act and regulations. Thank you, Sir - Reply By Sadanand Bulbule - The Reply = Dear Sir Thanks for your quick associated clarification. Warm regards - FORM FOR PUBLIC ANNOUNCEMENT - Query Started By: - DR.MARIAPPAN GOVINDARAJAN Dated:- 20-8-2024 Last Replied Date:- 20-8-2024 Other Topics - Got 3 Replies - Indian Laws - .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates