Summary of the guidance note issued by the Stock Exchange on 09/07/2021
Additional disclosures to Stock Exchanges by companies undergoing Corporate Insolvency Resolution Process(CIRP) under IB Code, 2016
Through this guidance note, the Stock Exchanges, in consultation with SEBI, requires the Insolvency Professional to submit following disclosures to the Exchange, with respect to the company undergoing CIRP, in addition to those already prescribed under the Para A of Part A of Schedule III of LODR Regulations, 2015. This includes prior intimation of at least two working days intimating about the date of hearing where NCLT would be considering the Resolution Plan, disclosure of the approval of resolution plan on oral pronouncement or otherwise of the Order on immediate basis and not later than 30 minutes etc.
This guidance note is integrated in our free-to-use website ca2013.com for your ready reference.
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