Page 5 - IBBI-JUNE-SEPTEMBER 2022

Hindi Pakhwada
The IBBI celebrated Hindi Pakhwada from September 14, 2022 to September
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such as the karyshala, pratiyogita etc, in Hindi, with great enthusiasm and
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Participation at IAIR Annual Conference, September 26, 2022

Celebration of Hindi Pakhwada, September, 2022 Legal and Regulatory Framework

Central Government
MoUs with IIMV and NLU Odisha
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Memorandum of Understanding (MoU) in September, 2022 for cooperation 7KH &HQWUDO *RYHUQPHQW YLGH QRWLÀFDWLRQ GDWHG -XO\ KDG DSSRLQWHG
in advocacy initiatives with: Ms. Anita Shah Akella, Joint Secretary, Ministry of Corporate Affairs as ex-
a. Indian Institute of Management–Visakhapatnam (IIMV); and RIÀFLR PHPEHU LQ WKH ,%%, WR UHSUHVHQW WKH VDLG 0LQLVWU\ LQ WKH %RDUG
b. National Law University, Odisha (NLU Odisha)
Regarding Fast track CIRP
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Postgraduate Programmes, Case Studies, Training, Conferences, Seminars, DSSOLFDELOLW\ RI IDVW WUDFN &,53 7KH DPHQGHG QRWLÀFDWLRQ SURYLGHV WKDW DQ
Moot Competition, Continuing Professional Education (CPE), etc. are few application for fast track CIRP may be made in respect of a startup (other
of the proposed areas of cooperation under the MOUs.
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of India in the Ministry of Commerce and Industry number G.S.R. 127(E),
Employee Trainings and Workshop dated February 19, 2019 and as amended from time to time.
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through video-conference: IBBI
Date Nature of the programme / Subject Faculty
Amendment to IP Regulations
30-09-2022 Overview of Insolvency Framework of United Professor Kristin Van Zwieten, 7KH ,%%, QRWLÀHG WKH ,QVROYHQF\ DQG %DQNUXSWF\ %RDUG RI ,QGLD ,QVROYHQF\
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University of Oxford Professionals) (Amendment) Regulations, 2022 on July 4, 2022. The
amended regulations provide for disciplinary proceedings to be conducted
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training programmes: of India (Inspection and Investigation) Regulations, 2017. It further provides
for additional clauses in the First Schedule to the Regulations regarding
Date Organised by Nature of the programme / Subject No. of Officers
relationship disclosures, communication with stakeholders, raising of bills or
24-08-2022 GRR GRR Singapore Live 2022 4 invoices, and compliance with applicable laws.
07-09-2022 INSOL 8 th Annual Seminar 1
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26-09-2022 IAIR IAIR Annual Conference and AGM 2022 2
Professionals) (Second Amendment) Regulations, 2022 on September 13,
2022. The amended regulations prohibit an Insolvency Professional (IP) from
accepting/sharing any fees or charges from any professional and/or support
service provider who are appointed under the processes.
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Professionals) (Third Amendment) Regulations, 2022 on September 20,
2022. The amended regulations inter alia provide for revision in fees in
relation to IPs and Insolvency Professional Entities (IPEs). It also provides
for submission of new Form EA by IPs and revised Form G by IPEs. The
amendment is effective from October 1, 2022.
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Professionals) (Fourth Amendment) Regulations, 2022 on September 28,
Participation at GRR Singapore Live 2022, August 24, 2022 2022. The amended regulations inter alia provide that an IPE, recognised by

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IBBI newsletter.indd 5
IBBI newsletter.indd 5 11/15/2022 12:24:47 PM