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of <h1>Insolvency Professionals Must Submit 0.25% Fee of Earnings or Turnover with Form by April 30 Annually.</h1> The circular from the Insolvency and Bankruptcy Board of India mandates compliance with regulations 7(2)(ca) and 13(2)(ca) of the Insolvency Professionals Regulations, 2016. Insolvency Professionals (IPs) must pay a fee of 0.25% of their previous year's professional earnings, while Insolvency Professional Entities (IPEs) must pay 0.25% of their turnover. These fees, accompanied by statements in Form E or G, must be submitted electronically by April 30 each year. This requirement applies even if no fees were earned or turnover generated. The circular is issued under the authority of the Insolvency and Bankruptcy Code, 2016.
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