<h1>IBBI Amends Insolvency Professionals Regulations: New Fees and Reporting Requirements Effective October 11, 2018.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has amended the Insolvency Professionals Regulations, 2016, effective from October 11, 2018. Key changes include a 0.25% fee on the professional fees earned by insolvency professionals and on the turnover of insolvency professional entities, both payable by April 30 annually. Additionally, a fifty thousand rupees application fee is required for recognition as an insolvency professional entity. Changes in directorship or partnership must be reported within seven days with a fee of two thousand rupees. Late fee payments will incur a 12% annual interest.