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INSOLVENCY AND BANKRUPTCY BOARD OF INDIA (VOLUNTARY LIQUIDATION PROCESS) REGULATIONS, 20171 [AMENDED UNTO 31.01.2024]BBI/201617/GN/REG010. In exercise of the powers conferred by sections 59, 196 and

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Companies that are unable to pay off their debts and want to wind up their operations voluntarily.

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Companies looking to liquidate their assets and distribute funds to creditors in an organized manner.

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What is ibbi amends voluntary liquidation?

IBBI amends voluntary liquidation refers to the process by which a company voluntarily decides to liquidate its assets and cease operations while adhering to the amendments set by the Insolvency and Bankruptcy Board of India (IBBI).

Who is required to file ibbi amends voluntary liquidation?

The stakeholders of a company opting for voluntary liquidation, including the board of directors and the insolvency professional appointed for the process, are required to file the necessary documents related to IBBI amends voluntary liquidation.

How to fill out ibbi amends voluntary liquidation?

To fill out IBBI amends voluntary liquidation, the designated insolvency professional must complete the prescribed forms and submit relevant documents to the IBBI, ensuring adherence to the guidelines provided by the board.

What is the purpose of ibbi amends voluntary liquidation?

The purpose of IBBI amends voluntary liquidation is to provide a structured and legal framework for companies to wind up their operations, settle debts, and distribute remaining assets to stakeholders in an orderly manner.

What information must be reported on ibbi amends voluntary liquidation?

The information required for IBBI amends voluntary liquidation includes details of the company, asset and liability listings, a statement of affairs, and compliance with the procedural steps outlined by the IBBI.

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