The amendments to IBBI Insolvency Resolution Process for Personal Guarantors to Corporate Debtors Regulations, enhance compliance and reporting requirements for resolution professionals. The regulation 23 mandates the filing of specified Forms along with enclosures on the Board’s electronic platform within stipulated timelines. The Forms must be accurate and complete, and any delay in filing, including corrections or updates, will attract a fee of Rs 500 per Form per month. The Resolution professionals are also liable for failure to submit forms, inaccurate or incomplete information, or delayed filing, including potential refusal to issue or renew their Authorisation for Assignment.