1.CBIC has issued notification No 11/2020-CT, dated 21st March, 2020 for Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs), appointed to undertake corporate insolvency resolution proceedings for Corporate Debtors, to allow new registration for corporate debtor in each state where corporate debtor was earlier registered.
2.IRP / RP, be treated as a distinct person of the corporate debtor. Registration should be taken within 30 days from the appointment of IRP/RP. In case of a change in IRP/RP, after initial appointment, it would be deemed to be change of authorized signatory and not an appointment of a distinct person requiring a fresh registration and the same change can be carried out by way of non- core amendment in the registration form.
3.IRP/RP should select the reason for registration as the corporate debtor undergoing CIRP with IRP/RP from the menu with date of commencement of of business be the date from where the IRP/RP was appointed.
4.Person who is named as the IRP/RP shall at as the Primary authorized signatory for the newly registered company. In the Principal Place of business/ Additional place of business, the details as specified in original registration of the Corporate Debtors, is required to be entered.
5.Change in Primary Authorized Signatory details on the portal can be done either by the authorised signatory of the Company or by the concerned jurisdictional officer (if the previous authorized signatory does not share the credentials with his successor) on request of IRP/RP.
Notification:
