Statement of Fee reporting requires insolvency professionals to disclose debtor-wise fees and remit board dues with affirmation. Form EA requires insolvency professionals to submit corporate-debtor-wise details of fees and expenses incurred as IRP/RP, listing services, payees, ... Summary
Statement of Fee reporting requires insolvency professionals to disclose debtor-wise fees and remit board dues with affirmation.
Form EA requires insolvency professionals to submit corporate-debtor-wise details of fees and expenses incurred as IRP/RP, listing services, payees, nature of service and amounts, with a separate table per corporate debtor and the relevant quarter or process-closure date. The form mandates computation of amounts payable to the Board under the cited regulations, inclusion of interest where applicable, confirmation of deposit into the Board's account with particulars, and an affirmation by the IP or authorised signatory that the information is true, complete and that they are authorised to submit the form.
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