IBBI Amends Compliance Certificate Form to Include Enhanced Disclosures for Improved Transparency in CIRP
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- By Chetan Kulasri
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- Last Updated on 7 April, 2025
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Notification No. F. No. IBBI/2025-26/GN/REG124; Dated: 03.04.2025
The IBBI has notified the IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2025. As per the amended norms, IBBI has substituted Form H relating to ‘Compliance Certificate’ to be submitted by the resolution professional along with a resolution plan to the Adjudicating Authority under Reg. 39(4). Form H has been enhanced to include more detailed information, such as details related to SRA, implementation of the plan, and income tax losses, among others.
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