Insolvency Guidance Notes ("IGNs")


INSOLVENCY GUIDANCE NOTES (IGN) ISSUE DATE
IGN Preface to Insolvency Guidance Notes Nov 2009

GENERAL

INSOLVENCY GUIDANCE NOTES (IGN) ISSUE DATE
IGN G1 Minimum Standards of Practice for Insolvency Practitioners

Description: IGN G1
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Nov 2009
IGN G2 Professional Conduct and Ethics in Insolvency Practice

Description: IGN G2
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Nov 2009
IGN G3 Remuneration of Insolvency Office Holders

Description: IGN G3
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Nov 2009
IGN G4 The Handling of Funds in a Liquidation Administration

Description: IGN G4
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Nov 2009
IGN G5 Preparation of Statement of Receipts and Payments by Insolvency Practitioners

Description: IGN G5
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PDF Format 694KB

Nov 2009

LIQUIDATION

INSOLVENCY GUIDANCE NOTES (IGN) ISSUE DATE
IGN L1 Members' Voluntary Winding-up

Description: IGN L1
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Nov 2009
IGN L2 Procedures for Creditors' Voluntary Winding-up

Description: IGN L2
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Nov 2009
IGN L3 A Liquidator's Assessment and Review into the Affairs of an Insolvent Company

Description: IGN L3
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PDF Format 679KB

Nov 2009
IGN L4 Summoning and Holding Meeting of Creditors under Court Winding-up

Description: IGN L4
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PDF Format 677KB

Nov 2009

RECEIVERSHIP

INSOLVENCY GUIDANCE NOTES (IGN) ISSUE DATE
IGN R1 Suggested Receivership Checklist (for Receiver Appointed under a Debenture)

Description: IGN R1
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Nov 2009
IGN R2 A Receiver's Responsibility for the Books and Records of the Company

Description: IGN R2
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Nov 2009
IGN R3 A Receiver's Responsibility to Preferential Creditors

Description: IGN R3
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PDF Format 675KB

Nov 2009

PREFACE TO INSOLVENCY GUIDANCE NOTES

This preface has been approved by the Council of the Malaysian Institute of Accountants for publication. The Guidance Notes represent what constitutes good practice in stated areas of insolvency.

The Guidance Notes are issued with the view to harmonising the approach of members to questions of insolvency practice. However, the Institute recognises that there may be instances where the circumstances encountered by a practitioner render it inappropriate for the guidance given in a particular Note to be followed.

The Guidance Notes are prepared from the perspective of an insolvency practitioner operating under the laws of and practices in Malaysia. Nevertheless, the Notes are not intended as a definite interpretation of the law, and the Institute disclaims liability for any loss or penalty suffered, or claims sustained, by any member as a consequence of his following the procedures set out in the Guidance Notes.

The Guidance Notes do not form part of the Institute's By-Laws (On Professional Conduct and Ethics) [Revised 1 January 2007].

It is believed that the issuance of the notes will help to improve the quality of insolvency practices. They are not prescriptive in nature. The notes are for guidance only.