The charge-related forms of the companies under CIRP shall be digitally signed by the IRP/RP

MCA notification dated 29-08-2022 (Rule-2)

The Government has notified the Companies (Registration of Charges) Second Amendment Rules, 2022 A new rule (rule no. 13) w.r.t signing of charge e-forms by Insolvency Resolution Professional (IRP)/Resolution Professional (RP) or liquidator for companies under resolution or liquidation has been inserted in the Companies (Registration of Charges) Rules, 2014.

As per the amended norms the charge-related forms (i.e. CHG-1, CHG-4, CHG-8 and CHG-9) of the companies under liquidation or resolution shall be mandatorily signed by the Insolvency Resolution Professional (IRP)/Resolution Professional (RP) or liquidator as the case may be. As when CIRP is initiated against a company the IRP/RP/ liquidator are put into the shoes of the Board of directors.

Accordingly, the new forms are substituted in place of the already notified forms to provide the digital signing functionality to IRP/RP or liquidator.

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