Fee payment by bank draft governs applications and petitions under the Company Law Board rules. Fees payable under the Company Law Board (Fees on Applications and Petitions) Rules, 1991 must be paid by bank draft drawn in favour of the Pay and Accounts Officer, Department of Company Affairs, at New Delhi, Bombay, Calcutta, or Madras. The rule sets the mode of payment for fees and substitutes the earlier method under which fees were paid into the Public Account of India through specified Punjab National Bank branches.