Filing  of forms  in  the  Registry Dated: 06.03.2020 (MCA-21)  by  the  Insolvency Professional  (Interim Resolution Professional (IRP) or Resolution Professional (RP)  or Liquidator)  appointed under Insolvency Bankruptcy Code, 2016 (IBC, 2016) – General Circular No. 08/2020

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General Circular No. 08/2020

F.No. 01/02/2019- CL-V Government of India
Ministry of Corporate Affairs

5th Floor, ‘A’ Wing, Shastri Bhawan,
Dr. Rajendra Prasad Road, New Delhi-1.
Dated: 06.03.2020

To

All Regional Directors,
All Registrar of Companies,
All Stakeholders.

Subject: Filing  of forms  in  the  Registry Dated: 06.03.2020 (MCA-21)  by  the  Insolvency Professional  (Interim Resolution Professional (IRP) or Resolution Professional (RP)  or Liquidator)  appointed under Insolvency Bankruptcy Code, 2016 (IBC, 2016).

Sir,

In supersession of earlier Circular No.04/2020 dated 17-02-2020, the following  clarification  is  issued  for  statutory  compliances  in  respect  of companies under Corporate Insolvency Resolution Process (CIRP).

(i) The  IRP/RP/Liquidator  would  have  to  first  file  the  NCLT  order approving him as the IRP/RP/Liquidator in Form INC-28 by selecting the drop down box in field 5(a)(iii) by selecting the appropriate section of IBC 2016. After filling in the form, the IRP/RP/Liquidator while affixing  his  DSC,  shall  choose  his  designation  as  “CEO”  in  the  declaration box for the purpose of filing only and choose “Others” from  the Drop down Menu.

(ii) The Master Data for change in the status of the company from “Active”/”Inactive” to CIRP/Liquidation or CIRP/ Liquidation to “Active” shall  be  effected  on  the  basis  of Formal  Change  Request  Form submitted by IB131 to e-governance Cell, MCA(HQ). Since this function has been centralized,  Registrars of Companies shall not raise and forward CRF either to the e-gov cell or to service provider for the above mentioned purpose.

(iii) The IRP/ RP/Liquidator shall be responsible for filing all the eforms in the MCA portal and sign the form in the capacity of CEO in order to meet filing protocol in the existing forms architecture.  However, this shall in no way affect his legal status as IRP/RP/Liquidator. All filings of eforms including AOC-4 and MGT-7 shall be filed through e-form GNL-2 by way of attachments till the company is under CIRP.   In the existing field no.3 of form no.GNL-2, IRP/RP/ Liquidator will choose radio button “Filings under IBC”

(iv) Against date of event and Board Resolution in INC-28 and GNL-2, date of order of NCLT/NCLAT/ Court may be mentioned.

2. It is further clarified that in respect of companies which are marked under CIRP in the Registry, Annual Return (e-form No.MGT-7) and Financial Statement (e-form AOC-4) and other documents under the provisions of the Companies Act, 2013,  in  accordance  with  directions  issued  by  the NCLT/NCLAT/ Courts,  shall be filed as attachments with e-form GNL-2 against the payment of one time normal fee only, till such time the company remains under CIRP.   Separate GNL-2 forms shall be filed for each such document, by the IRP/ RP.

3. It is also clarified that the concerned IRP/RP of every Company which was under CIRP prior to the issue of this circular, shall also file e-form INC-28 for such companies  and  thereafter proceed to file other documents/fact/information as required  under  the  Act and   Rules thereunder through e-form GNL-2.

3. This issues with the approval of the competent authority.

Yours faithfully,


KMS Narayanan)
Assistant Director (policy)

Copy forwarded   for information to : (i) E-Governance section, (ii) Insolvency Section, (iii) IBBI, (iv) File No.1/16/2013-CL-V (Part I) and (v) Guard file.

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