Superseding its January 2021 circular, IBBI mandates Insolvency Professionals to securely preserve electronic CIRP records for eight years and physical copies for three years after the process or related legal proceedings conclude.

This IBBI circular mandates Insolvency Professionals to securely preserve electronic CIRP records for at least eight years and physical records for three years, calculated from the completion of the process or related legal proceedings, whichever is later.

This IBBI circular clarifies that late fees for filing Form 40B are calculated from October 1, 2020, or the due date, whichever is later. Excess fees paid due to technical glitches, double payments, or calculation errors will be refunded.

Gemini said To improve transparency, this IBBI circular mandates Resolution Professionals to file and continuously update the verified list of creditors on the IBBI electronic platform for all corporate insolvency processes active on or commencing after November 13, 2020.

The International Financial Services Centres Authority hosted the 2nd edition of its flagship event IFSCA Talent Summit – 2026 on Thursday, March 19, 2026, at GIFT City Club, Gandhinagar. The earlier edition of IFSCA Talent Summit was organised in November 2024.

IFSCA has issued a supervisory alert for GIFT City intermediaries following inspections revealing non-compliance. Key issues include unattended offices, absent KMPs, inadequate infrastructure, and conflicts of interest. CMIs must ensure physical substance and regulatory adherence to avoid further enforcement actions.

This IBBI circular standardizes protocols for RVO Disciplinary Committee and Appellate Panel meetings. It mandates agenda-driven meetings, one-week email notices, minimum quorums, conflict-of-interest recusals, and establishes guidelines for member sitting fees and the tenure of IBBI nominees.

FIRMS: An online reporting platform for reporting of foreign investment into India brought in accordance with FEMA or the rules and regulations framed, or directions issued thereunder as amended from time to time. Further, FIRMS provides a one stop, 24x7 online reporting facility for applicants.

Gemini said To avoid conflicts of interest, this IBBI circular clarifies that members of an RVO's promoter organization cannot serve as independent directors on its Governing Board. Non-compliant RVOs must reconstitute their boards within three months.

The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted by the entities which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e., who holds foreign assets or/and liabilities in their balance sheets

Due to COVID-19, this IBBI circular temporarily permits Registered Valuer Organisations (RVOs) to deliver their mandatory educational courses and continuing education online instead of through traditional classroom sessions. This relaxation remains valid until September 30, 2020.

To ease COVID-19 disruptions, this IBBI circular temporarily allows prospective Insolvency Professionals to complete their mandatory pre-registration educational courses online. The course must be completed by September 30, 2020, with registration applications submitted by October 31, 2020.

This IBBI circular allows Insolvency Professionals to modify previously submitted Regulation 40B forms on the online platform, subject to an applicable fee. However, as a temporary relief, any modifications made up to March 31, 2020, are fee-exempt. The IBBI strictly cautions IPs to exercise diligence, warning that frequent modifications or late filings may invite disciplinary action

To prevent unreasonable delays and restrictive practices by Registered Valuer Organisations, this IBBI circular establishes a strict, time-bound procedure—including provisions for deemed approvals—to ensure the seamless transfer of a valuer's membership from one RVO to another.

This IBBI circular instructs liquidators to deposit unclaimed dividends and undistributed liquidation proceeds into the new "IBBI-Corporate Liquidation Account" at Punjab National Bank. Liquidators must also email the deposit particulars using Form-I to liq.cirp@ibbi.gov.in.

Gemini said To prevent voting confusion among creditor classes like homebuyers, this IBBI circular prohibits unauthorized "pre-polling." Creditors may only issue voting instructions to their Authorised Representative strictly after the circulation of the meeting agenda or the meeting minutes.

Income-tax Rules, 2026.

A "Negative List" of prohibited non-audit services (such as internal audit or tax consultancy) that a secretarial auditor cannot provide to the same listed entity to maintain independence.

A list of professional or financial relationships that would prevent a Company Secretary from acting as an independent Secretarial Auditor.

This circular provides reference annexures listing the specific provisions under the Companies Act, 2013, and the Insolvency and Bankruptcy Code, 2016, that strictly mandate the use of an IBBI-registered valuer for conducting statutory valuations.