Insolvency and Bankruptcy Code 2016-ICAI Request to give suggestions on the Draft Rules and Regulations issued by MCA

Insolvency and Bankruptcy Code 2016-ICAI Request to give suggestions on the Draft Rules and Regulations as issued by the Ministry of Corporate Affairs.

Insolvency and Bankruptcy Code 2016-ICAI

he Ministry of Corporate Affairs as part of the process of implementing Insolvency and Bankruptcy Code, 2016 (Code) had set up a Working Group consisting of practitioners and experts for making recommendations for drafting Regulations for registration and regulation of insolvency professionals and insolvency professional agency as administered under the Code.

Further, the Ministry of Corporate Affairs (MCA) had also set-up a working group for making recommendations for drafting rules and regulations for the insolvency resolution and liquidation of insolvent corporate persons.

Based on recommendations of the working groups, Rules and regulations have been drafted. These Rules and Regulations have been made available on an online Portal of MCA, www.mca.gov.in.

The members are requested to submit their suggestions on the Email ID – insolvencycodesuggestions@icai.in latest by 24th October, 2015 so that the same may be compiled and submitted to the Ministry.

CA. Dhinal Shah
Chairman, CL&CGC, ICAI

—————————————————————end of ICAI announcement—————————————————–

Downloads

Download the Public Notice issued by MCA

Download Draft Insolvency and Bankruptcy (Model Bye-Laws of Insolvency Professional Agencies) Regulations, 2016

Download Draft Insolvency and Bankruptcy (Registration of Insolvency Professional Agencies) Regulations, 2016

Download Draft Insolvency and Bankruptcy (Registration of Insolvency Professionals) Regulations, 2016

Download Public Notice dated 10.10.2016 issued by MCA

Download Draft Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016

Download Draft Insolvency and Bankruptcy (Insolvency Process for Corporate Persons) Regulations, 2016

Download Draft Insolvency and Bankruptcy (Liquidation of Insolvent Corporate Persons) Regulations, 2016

Note: Public comments can also be submitted directly to MCA at the following link

Click Here >>

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