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LEGAL FRAMEWORK

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Date Subject Legal Framework Category
02 Jun, 2020 Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) Guidelines, 2020   Guidelines
01 Jun, 2020 Notification for classification of MSME under section 7 of the MSMED Act, 2006   By Other Regulators
23 May, 2020 COVID -19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets   By Other Regulators
12 May, 2020 Order of NCLT to file default record from the IU for application under section 7 of the Code   Notifications
08 May, 2020 Facilitation Letter - Role of Resolution Professional / Liquidator in respect of Avoidance Transactions   Facilitation
05 May, 2020 Amendments in the Notification in the Ministry of Finance (Department of Revenue), No.11-2020- Central Tax, dated the 21st March, 2020   By Other Regulators
24 Apr, 2020 IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 (Amended upto 24.04.2020)   Regulations
24 Apr, 2020 IBBI (Liquidation Process) Regulations, 2016 (Amended upto 24.04.2020)   Regulations
24 Apr, 2020 IBBI (Insolvency Professionals) Regulations, 2016 (Amended upto 24.04.2020)   Regulations
24 Apr, 2020 IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 (Amended upto 24.04.2020)   Regulations
24 Apr, 2020 IBBI (Liquidation Process) (Second Amendment) Regulations, 2020 effective from 17th April 2020.   Regulations
24 Apr, 2020 IBBI (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2020 effective from 29th March 2020   Regulations
24 Apr, 2020 IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) (Amendment) Regulations, 2020 effective from 28th March 2020   Regulations
24 Apr, 2020 IBBI (Insolvency Professionals) (Amendment) Regulations, 2020 effective from 28th March 2020   Regulations
24 Apr, 2020 IBBI (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2020 effective from 25.03.2020   Regulations
23 Apr, 2020 Governance Structure of the Registered Valuers Organisation   Circulars
17 Apr, 2020 COVID19 Regulatory Package – Review of Resolution Timelines under the Prudential Framework on Resolution of Stressed Assets   By Other Regulators
27 Mar, 2020 RBI - Statement on Development and Regulatory Policies   By Other Regulators
24 Mar, 2020 Notification under section 4 of the Insolvency and Bankrutpcy Code, 2016   Notifications
21 Mar, 2020 Notification No.11-2020 under CGST Act, 2017 regarding registration of corporate debtor under CIRP as a class of person   By Other Regulators