IBBI Introduces E-Forms to Monitor ‘Voluntary Liquidation Processes’
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- By Chetan Kulasri
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- Last Updated on 1 July, 2024
Latest from Taxmann
CIRCULAR No. IBBI/LIQ/74/2024, Dated: 28.06.2024
A corporate person (CP) can start voluntary liquidation u/s 59 of the IBC and IBBI regulations. The liquidator manages claims, sells assets, and distributes proceeds per section 53, submitting a final report and dissolution application to the AA. IBBI has developed e-forms for efficient reporting, enhancing efficiency, reducing errors, and ensuring accurate record-keeping. IPs must file forms online using a unique IBBI login, with strict deadlines.
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