IBBI clarification regarding Reporting / Sharing of information in the Voluntary Liquidation process

Insolvency and Bankruptcy Board of India vide circular dated 13th February, 2024 has issued clarification regarding Reporting / Sharing of information in the Voluntary Liquidation process. It is directed that the liquidator shall ensure that, if the corporate person falls under the category of financial service provider, it shall declare that:

1. The category of Financial Service Providers has been notified by the Central Government under section 227 of the Code, and
2. The corporate person has obtained prior permission from the appropriate regulator. Sharing of final report, Form H, and dissolution order with IBBI.

It is directed that the liquidator shall submit a copy of Form H and the final report filed before the Adjudicating Authority as per Regulation 38, and the order for dissolution to the Board to the email ID: liqvol@ibbi.gov.in.