IBBI initiates a comprehensive review of all the Rules

IBBI decided to initiate a comprehensive review of all the Rules prescribed under various legislations being administered by MCA. Accordingly, Comments/ Suggestions are invited on the following Rules from all the stakeholders:

1. The Insolvency and Bankruptcy (Application to Adjudicating Authority) Rules, 2016
2. The IBBI (Form of Annual Statement of Accounts) Rules, 2018
3. The IBBI (Annual Report) Rules, 2018
4. The Insolvency and Bankruptcy (Insolvency and Liquidation Proceedings of Financial Service Providers and Application to Adjudicating Authority) Rules, 2019
5. The Insolvency and Bankruptcy (Application to Adjudicating Authority for Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Rules, 2019
6. The Insolvency and Bankruptcy (Application to Adjudicating Authority for Bankruptcy Process for Personal Guarantor to Corporate Debtor) Rules, 2019
7. The Insolvency and Bankruptcy (Pre-packaged Insolvency Resolution Process) Rules, 2021

For providing comments, please follow the process as under:

1. Visit MCA’s website, www.mca.gov.in; E-consultation Tab or click on the URL: https://www.mca.gov.in/content/mca/global/en/econsultation.html
2. Select “Public Comments”;
3. From the drop-down menu, select “comments on Rules”;
4. Provide your Name, and Email ID;
5. Select the stakeholder category and provide comments