{"id":29346,"date":"2025-05-22T15:47:41","date_gmt":"2025-05-22T10:17:41","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=29346"},"modified":"2025-11-08T01:35:46","modified_gmt":"2025-11-07T20:05:46","slug":"rp-need-to-filing-ibc-form","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/rp-need-to-filing-ibc-form\/","title":{"rendered":"RP Need to Filing IBC Form in monthly Report: Regulation 40B"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_58 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<p class=\"ez-toc-title\">Page Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-69cffdcede1d6\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-69cffdcede1d6\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/carajput.com\/blog\/rp-need-to-filing-ibc-form\/#IBBI_Regulation_40B_Filing_of_Forms_Reporting_Requirements_Structured_Timelines_Penalties_Introduced\" title=\"IBBI\u00a0Regulation 40B\u00a0Filing of Forms Reporting Requirements: Structured Timelines &amp; Penalties Introduced\">IBBI\u00a0Regulation 40B\u00a0Filing of Forms Reporting Requirements: Structured Timelines &amp; Penalties Introduced<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/carajput.com\/blog\/rp-need-to-filing-ibc-form\/#IBBI_Notifies_Revised_CIRP_Filing_Norms_Mandatory_Electronic_Filing_of_New_Forms_CP-1_to_CP-5\" title=\"IBBI Notifies Revised CIRP Filing Norms:\u00a0Mandatory Electronic Filing of New Forms (CP-1 to CP-5):\">IBBI Notifies Revised CIRP Filing Norms:\u00a0Mandatory Electronic Filing of New Forms (CP-1 to CP-5):<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/carajput.com\/blog\/rp-need-to-filing-ibc-form\/#_Key_Provisions_of_the_Amendment\" title=\"\u00a0Key Provisions of the Amendment\">\u00a0Key Provisions of the Amendment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/carajput.com\/blog\/rp-need-to-filing-ibc-form\/#Other_Key_Provisions\" title=\"Other Key Provisions\">Other Key Provisions<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/carajput.com\/blog\/rp-need-to-filing-ibc-form\/#Our_IBC_services\" title=\"Our IBC services\u00a0\">Our IBC services\u00a0<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-11595\" src=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/01\/IBC-5-4-18.jpg\" alt=\"www.carajput.com; IBBI\" width=\"1129\" height=\"777\" srcset=\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/01\/IBC-5-4-18.jpg 500w, https:\/\/carajput.com\/blog\/wp-content\/uploads\/2021\/01\/IBC-5-4-18-300x206.jpg 300w\" sizes=\"(max-width: 1129px) 100vw, 1129px\" \/><\/p>\n<h2 data-start=\"660\" data-end=\"703\"><span class=\"ez-toc-section\" id=\"IBBI_Regulation_40B_Filing_of_Forms_Reporting_Requirements_Structured_Timelines_Penalties_Introduced\"><\/span><span style=\"color: #000080;\"><strong data-start=\"667\" data-end=\"703\">IBBI\u00a0<\/strong><strong data-start=\"420\" data-end=\"477\">Regulation 40B\u00a0<\/strong><strong data-start=\"420\" data-end=\"477\">Filing of Forms <\/strong><strong data-start=\"667\" data-end=\"703\">Reporting Requirements: <\/strong><strong data-start=\"365\" data-end=\"455\">Structured Timelines &amp; Penalties Introduced<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"0\" data-end=\"406\">The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2025, which come into effect from 1st June 2025, introduce a revamped Regulation 40B that significantly enhances reporting, accountability, and timeliness in the Corporate Insolvency Resolution Process (CIRP).<\/p>\n<p data-start=\"759\" data-end=\"1094\">This amendment significantly revises Regulation 40B of the IBBI (CIRP) Regulations, 2016, introducing a structured and time-bound framework for the electronic submission of forms by Interim Resolution Professionals (IRPs) and Resolution Professionals (RPs) during the CIRP.<\/p>\n<h2 data-start=\"361\" data-end=\"455\"><span class=\"ez-toc-section\" id=\"IBBI_Notifies_Revised_CIRP_Filing_Norms_Mandatory_Electronic_Filing_of_New_Forms_CP-1_to_CP-5\"><\/span><span style=\"color: #000080;\"><strong data-start=\"365\" data-end=\"455\">IBBI Notifies Revised CIRP Filing Norms:\u00a0<\/strong><\/span><span style=\"color: #000080;\"><strong data-start=\"430\" data-end=\"489\">Mandatory Electronic Filing of New Forms (CP-1 to CP-5):<\/strong><\/span><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p data-start=\"457\" data-end=\"757\">The Insolvency and Bankruptcy Board of India (IBBI) has notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2025, through a gazette notification dated 19th May 2025, with effect from 1st June 2025.\u00a0Here&#8217;s a structured summary of the key amendments:<\/p>\n<h3 data-start=\"422\" data-end=\"489\"><span class=\"ez-toc-section\" id=\"_Key_Provisions_of_the_Amendment\"><\/span><span style=\"color: #000080;\"><strong data-start=\"430\" data-end=\"489\">\u00a0<\/strong><\/span><strong data-start=\"1103\" data-end=\"1138\">Key Provisions of the Amendment<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"490\" data-end=\"688\">\n<li data-start=\"490\" data-end=\"581\">\n<p data-start=\"492\" data-end=\"581\"><strong data-start=\"492\" data-end=\"505\">Who files<\/strong>: Interim Resolution Professionals (IRPs) and Resolution Professionals (RPs)<\/p>\n<\/li>\n<li data-start=\"582\" data-end=\"625\">\n<p data-start=\"584\" data-end=\"625\"><strong data-start=\"584\" data-end=\"593\">Where<\/strong>: IBBI\u2019s electronic platform<\/p>\n<\/li>\n<li data-start=\"626\" data-end=\"688\">\n<p data-start=\"628\" data-end=\"688\"><strong data-start=\"628\" data-end=\"637\">Forms<\/strong>: Each covers a distinct stage in the CIRP process. IRPs\/RPs must now closely monitor deadlines and adopt robust internal tracking mechanisms. Timely and precise filings are crucial to avoid financial penalties and regulatory action. Forms CP-1 to CP-5 must be filed electronically through the IBBI portal. These forms cover the entire lifecycle of CIRP, including Commencement of CIRP, Constitution of the Committee of Creditors (CoC), Submission and approval of resolution plans, Reporting of avoidance transactions, Monthly progress updates<\/p>\n<\/li>\n<li data-start=\"626\" data-end=\"688\"><strong>Objective of this IBBI regulation: <\/strong>Insolvency and Bankruptcy Board of India (Insolvency Resolution Process<br \/>\nfor Corporate Persons) (Third Amendment) Regulations, 2025 is coming into effect to ensure systematic, timely, and accurate reporting by Interim Resolution Professionals (IRPs) and Resolution Professionals (RPs) during the CIRP.<\/li>\n<\/ul>\n<div class=\"_tableContainer_16hzy_1\">\n<div class=\"_tableWrapper_16hzy_14 group flex w-fit flex-col-reverse\" tabindex=\"-1\">\n<table class=\"w-fit min-w-(--thread-content-width)\" data-start=\"705\" data-end=\"1975\">\n<thead data-start=\"705\" data-end=\"774\">\n<tr data-start=\"705\" data-end=\"774\">\n<th data-start=\"705\" data-end=\"716\" data-col-size=\"sm\">Form<\/th>\n<th data-start=\"716\" data-end=\"737\" data-col-size=\"lg\">Period &amp; Scope<\/th>\n<th data-start=\"737\" data-end=\"758\" data-col-size=\"sm\">To be Filed By<\/th>\n<th data-start=\"758\" data-end=\"774\" data-col-size=\"md\">Timeline<\/th>\n<\/tr>\n<\/thead>\n<tbody data-start=\"845\" data-end=\"1975\">\n<tr data-start=\"845\" data-end=\"1098\">\n<td data-start=\"845\" data-end=\"856\" data-col-size=\"sm\">CP-1<\/td>\n<td data-col-size=\"lg\" data-start=\"856\" data-end=\"1009\">From CIRP commencement till constitution of CoC: includes admission order, public announcement, AR details, claim verification, CoC constitution, etc.<\/td>\n<td data-col-size=\"sm\" data-start=\"1009\" data-end=\"1019\">IRP<\/td>\n<td data-col-size=\"md\" data-start=\"1019\" data-end=\"1098\">On or before 10th day of the month after report on CoC is filed with AA<\/td>\n<\/tr>\n<tr data-start=\"1099\" data-end=\"1304\">\n<td data-start=\"1099\" data-end=\"1110\" data-col-size=\"sm\">CP-2<\/td>\n<td data-col-size=\"lg\" data-start=\"1110\" data-end=\"1233\">From CoC constitution till issue of RFRP: includes RP appointment, registered valuers, IM, EoIs, RFRP and modifications.<\/td>\n<td data-col-size=\"sm\" data-start=\"1233\" data-end=\"1242\">RP<\/td>\n<td data-col-size=\"md\" data-start=\"1242\" data-end=\"1304\">On or before 10th day of the month after RFRP issuance<\/td>\n<\/tr>\n<tr data-start=\"1305\" data-end=\"1473\">\n<td data-start=\"1305\" data-end=\"1317\" data-col-size=\"sm\">CP-3A<\/td>\n<td data-col-size=\"lg\" data-start=\"1317\" data-end=\"1390\">Resolution plan \/ liquidation \/ closure application filed with AA.<\/td>\n<td data-col-size=\"sm\" data-start=\"1390\" data-end=\"1399\">RP<\/td>\n<td data-col-size=\"md\" data-start=\"1399\" data-end=\"1473\">On or before 10th day of the month after application filed with AA<\/td>\n<\/tr>\n<tr data-start=\"1474\" data-end=\"1608\">\n<td data-start=\"1474\" data-end=\"1486\" data-col-size=\"sm\">CP-3B<\/td>\n<td data-col-size=\"lg\" data-start=\"1486\" data-end=\"1560\">Resolution plan \/ liquidation \/ closure approved or disposed by AA.<\/td>\n<td data-col-size=\"sm\" data-start=\"1560\" data-end=\"1569\">RP<\/td>\n<td data-col-size=\"md\" data-start=\"1569\" data-end=\"1608\">Within 7 days of disposal by AA<\/td>\n<\/tr>\n<tr data-start=\"1609\" data-end=\"1795\">\n<td data-start=\"1609\" data-end=\"1620\" data-col-size=\"sm\">CP-4<\/td>\n<td data-col-size=\"lg\" data-start=\"1620\" data-end=\"1722\">Avoidance transactions (preferential, undervalued, fraudulent, etc.) reported to or disposed by AA.<\/td>\n<td data-col-size=\"sm\" data-start=\"1722\" data-end=\"1731\">RP<\/td>\n<td data-col-size=\"md\" data-start=\"1731\" data-end=\"1795\">On or before 10th day of the month after filing\/disposal<\/td>\n<\/tr>\n<tr data-start=\"1796\" data-end=\"1975\">\n<td data-start=\"1796\" data-end=\"1807\" data-col-size=\"sm\">CP-5<\/td>\n<td data-col-size=\"lg\" data-start=\"1807\" data-end=\"1896\">Monthly report: Status update, CoC meetings, litigation updates, expenses, delays.<\/td>\n<td data-col-size=\"sm\" data-start=\"1896\" data-end=\"1911\">IRP \/ RP<\/td>\n<td data-col-size=\"md\" data-start=\"1911\" data-end=\"1975\">On or before 10th of every month for the preceding month<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"sticky end-(--thread-content-margin) h-0 self-end select-none\">\n<div class=\"absolute end-0 flex items-end\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3 data-start=\"1982\" data-end=\"2013\"><span class=\"ez-toc-section\" id=\"Other_Key_Provisions\"><\/span><span style=\"color: #000080;\">Other Key Provisions<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul data-start=\"2015\" data-end=\"2650\">\n<li>Electronic Filing: All forms are to be filed on the IBBI&#8217;s electronic platform. IBBI may modify the forms periodically.<\/li>\n<li data-start=\"1495\" data-end=\"1754\">Timelines: Generally, forms must be submitted on or before the 10th day of the following month.<\/li>\n<li data-start=\"1495\" data-end=\"1754\">\n<p data-start=\"1497\" data-end=\"1511\">Form CP-3B (regarding AA\u2019s approval of resolution or liquidation) must be filed within 7 days of the Adjudicating Authority\u2019s (AA) order.<\/p>\n<\/li>\n<li data-start=\"2015\" data-end=\"2159\">Accuracy &amp; Completeness: IRP\/RP must ensure all information and enclosures are accurate and complete.<\/li>\n<li data-start=\"2280\" data-end=\"2413\">\n<p data-start=\"2283\" data-end=\"2307\">Late Filing Penalty: INR 500 per form per month of delay, effective from a date to be notified by IBBI via circular.<\/p>\n<\/li>\n<li data-start=\"2415\" data-end=\"2650\">\n<p data-start=\"2418\" data-end=\"2454\">Consequences for Non-compliance: IBBI may take action including refusal to issue\/renew Authorisation for Assignment (AFA) if Forms are not filed. Inaccurate\/incomplete filings.\u00a0 Delayed submissions.<\/p>\n<\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Our_IBC_services\"><\/span><span style=\"color: #000080;\">Our IBC services\u00a0<\/span><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p data-olk-copy-source=\"MessageBody\">Rajput Jain &amp; Associates with extensive experience before NCLT\/NCLAT, our team is equipped to deliver strategic, result-driven support across insolvency proceedings.\u00a0\u00a0Our Key Services:<\/p>\n<ul>\n<li>Drafting &amp; filing\u00a0Resolution Plan Applications (Sec. 30)\u00a0and\u00a0Liquidation Applications (Sec. 33).<\/li>\n<li>Filing &amp; handling applications under\u00a0Secs. 7, 9, 10, 60, and others.<\/li>\n<li>Support to\u00a0Resolution Professionals (RPs)\u00a0and\u00a0CoC, including drafting, vetting, rejoinders, affidavits &amp; compliance reports.<\/li>\n<li>Representation of\u00a0financial\/operational creditors, corporate debtors, and personal guarantors\u00a0before NCLT\/NCLAT.<\/li>\n<li>Having actively represented clients in complex insolvency and corporate litigation, I bring over five years of hands-on experience in CIRP, liquidation, and regulatory compliance.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>IBBI\u00a0Regulation 40B\u00a0Filing of Forms Reporting Requirements: Structured Timelines &amp; Penalties Introduced The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Third Amendment) Regulations, 2025, which come into effect from 1st June 2025, introduce a revamped Regulation 40B that significantly enhances reporting, accountability, and timeliness in the Corporate Insolvency Resolution Process (CIRP). &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8788],"tags":[10283],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29346"}],"collection":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/comments?post=29346"}],"version-history":[{"count":5,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29346\/revisions"}],"predecessor-version":[{"id":29349,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/posts\/29346\/revisions\/29349"}],"wp:attachment":[{"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/media?parent=29346"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/categories?post=29346"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/carajput.com\/blog\/wp-json\/wp\/v2\/tags?post=29346"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}