(1) The resolution professional, shall exercise and perform the following powers and duties during the creditor-initiated insolvency resolution process period, in such manner and subject to such conditions as may be specified, namely:–
(a) call for the submission of claims;
(b) prepare the information memorandum;
(c) prepare a report in such form as may be specified, confirming whether the conduct of the creditor-initiated insolvency resolution process is in accordance with the procedural requirements and that the resolution plan, filed along with it, complies with the requirements of sections 29A and 30 which shall, mutatis mutandis, apply to the proceedings under this Chapter;
(d) duties referred to in clauses (a) to (c) of section 18 and clauses (e) to (j) of sub-section (2) of section 25 which shall, mutatis mutandis, apply to the proceedings under this Chapter;
(e) powers as referred to in sub-sections (3) and (4) of section 54F which shall, mutatis mutandis, apply to the proceedings under this Chapter;
(f) file such report and documents with the Board, as may be specified; and
(g) perform such other duties, as may be specified.
(2) Any person who is or has been a personnel of the corporate debtor, or its promoter, or associated with the management of the corporate debtor, or engaged in a contract for service with the corporate debtor, shall extend all assistance and cooperation to the resolution professional, as may be required by him to perform his duties and exercise his powers, and for such purposes, the provisions of sub-sections (2) and (3) of section 19 shall, mutatis mutandis, apply in relation to the proceedings under this Chapter.