IBBI Issues New E-Forms to Streamline Liquidation Reporting for Insolvency Professionals
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- By Chetan Kulasri
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- Last Updated on 1 July, 2024
Latest from Taxmann
CIRCULAR No. IBBI/LIQ/73/2024; Dated: 28-06-2024
The Insolvency Professional (IP), acting as a liquidator, must comply with legal requirements and report to the Adjudicating Authority and IBBI. To streamline this process, the IBBI has developed e-forms LIQ 1, LIQ 2, LIQ and LIQ 4 to capture liquidation details and enhance efficiency and accuracy. These forms cover various stages from commencement to dissolution, reducing errors and delays. They are available on the IBBI website, and IPs must submit them online with a digital signature.
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