IBBI issues format of Annual Compliance Certificate
Published: Apr 20, 2018
By TIOLCORPLAWS News Service
NEW DELHI , APRIL 20, 2018: IN a move to maintain the transparency and accountability, the Insolvency and Bankruptcy Board of India (IBBI) has issued a circular to all the registered Insolvency Professional Agencies (IPAs) informing the release of Format of Annual Compliance Certificate. This format is stated to be devised after consulting many IPAs.
The IBBI, with this format, expects to facilitate its statutory duty of monitoring the performance and compliance of statutory requirements of the IPAs. The IPAs are instructed to submit the Annual Compliance Certificate to the IBBI and display the same on its website within 45 days of the closure of the financial year. The IPAs has been requested to submit the Annual Compliance Certificate for the year 2017-18 to the IBBI and display the same on their respective websites by May 15, 2018.