Tag Archives: Sumit Naib

Govt says trustees too can approach IBC against corporate debtors – Sumit Naib

The Ministry of Corporate Affairs (MCA) vide its notification dated February 27, 2019 has allowed trustees, estate administrators, persons authorised by a company’s board of directors etc to initiate corporate insolvency resolution process (CIRP) against a corporate debtor before the NCLT, on behalf of financial creditors under the Insolvency and Bankruptcy Code (IBC), 2016.

Sumit Naib – Regulatory shares his views on aformentioned story for following publications:

Hindu Business Line- Front page story
Financial Express
govt-says-trustees-too-can-approach-ibc-against-corporate-debtors

Fresh KYC norms will help bring in transparency in the boardroom – Sumit Naib

It started off as a move to check proliferation of shell companies and keep a tab on unscrupulous elements in the board who misuse the system. The Ministry of Corporate Affairs announced a fresh KYC process in July for verifying credentials of Director Identification Number (DIN) holders.

Sumit Naib, Associate Director shares his views on aforementioned story for Business Standard.
 Fresh KYC norms will help bring in transparency in the boardroom