Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018 - IBBI/2018-19/GN/REG36 - Insolvency and Bankruptcy
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Fee obligations for insolvency professionals: annual percentage-based and periodic fees with interest for late payment. Amendments require IPs to pay a ten thousand rupee renewal fee every five years and an annual fee of 0.25% of professional fees with Form E by 30 April; IPEs must file Form G and pay 0.25% of turnover annually by 30 April. Recognition as an IPE requires Form C with a fifty thousand rupee fee. IPEs must notify director/partner changes within seven days using Form F with a two thousand rupee fee. A 12% per annum simple interest applies to delayed fee payments.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fee obligations for insolvency professionals: annual percentage-based and periodic fees with interest for late payment.
Amendments require IPs to pay a ten thousand rupee renewal fee every five years and an annual fee of 0.25% of professional fees with Form E by 30 April; IPEs must file Form G and pay 0.25% of turnover annually by 30 April. Recognition as an IPE requires Form C with a fifty thousand rupee fee. IPEs must notify director/partner changes within seven days using Form F with a two thousand rupee fee. A 12% per annum simple interest applies to delayed fee payments.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.