TMI BlogCOMPLIANCE CERTIFICATE-Regulation 38(3)-(Voluntary Liquidation Process) Regulations, 2017X X X X Extracts X X X X X X X X Extracts X X X X ..... 5 Date of appointment of Liquidator 6 Liquidator s Registration No. as IP 7 Whether the Liquidator was replaced during the process (Yes / No) If yes Name of previous Liquidator and his registration No. Date of replacement of previous Liquidator 8 Date of opening of bank account for liquidation (with account details) 9 Date of notice for uncalled capital/unpaid capital contribution 10 Date of realization of uncalled capital/unpaid capital contribution 11 Date of intimation to statutory authority as applicable. a. PF b. ESI c. Income Tax d. Inspector of Factory e. GST/VAT f. RBI g. Others 12 Amount deposited into Corporate Voluntary Liquidation Account: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... istributed Amount Distributed to the Amount Claimed (%) Remarks (1) (2) (3) (4) (5) (6) (7) 1 Realization of Security Interest [Sec. 52(1)(b)] 2 Liquidation Cost [Sec. 53(1)(a)] 3 Workmen s Dues [Sec. 53(1)(b)(i)] 4 Debts of Secured Creditors [Sec. 53(1)(b)(ii)] 5 Wages and Unpaid Dues to Employees [Sec. 53(1)(c)] 6 Debts of Unsecured Financial Creditors [Sec. 53(1)(d)] ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T + 7 4 Regulation 5(2) Intimation by Insolvency Professional regarding his appointment as Liquidator, to the Board T + 7 5 Regulation 14 (1) Public Announcement in Form A by the Liquidator T + 5 6 Section 59(4), Reg. 3(2) Notification to Registrar of Companies and Board about the resolution passed under section 59(3) (c) and regulation 3(1) (c) or subsequent approval of creditors thereto, as the case may be, by corporate person T + 7 or T + 14 7 Section 38(1), Regulation 14 (2) Submission of claims by stakeholders T + 30 8 Section 38(5) Withdrawal/ modification of claim by stakeholders T + 44 9 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t required under section 59(3) (c) or regulation 3(1) (c) 7. The following are deviations / non-compliances with the provisions of the Insolvency and Bankruptcy Code, 2016, regulations made, or circulars issued thereunder (If any deviation/ non- compliances were observed, please state the details and reasons for the same): Sl. No. Deviation / Non- compliance observed Section of the Code / Regulation No. / Circular No. Reasons Whether rectified or not (1) (2) (3) (4) (5) 1 2 3 8. The details of application(s) filed / pending in respect of avoidance of transactions. Sl. No. Type of Transaction Date of Filing with Adjudicating Authority D ..... X X X X Extracts X X X X X X X X Extracts X X X X
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