Taxmann's Analysis | IBBI Takes Progressive Steps Towards Transparent Voluntary Liquidations
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This article provides an in-depth examination of the key amendments that are transforming the voluntary liquidation process, which include:
‣ Amendment to Regulation 3; Disclosure of pendency proceedings or assessment by way of affidavit
‣ Amendment to Regulation 37; Change in the timeline of conducting the contributors' meeting
‣ Amendment in Regulation 39; Prescribes the detailed norms w.r.t claiming of the amount deposited into the Corporate Voluntary Liquidation Account by the stakeholders
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