Insolvency and Bankruptcy Board of India (Insolvency Professional Agencies) (Amendment) Regulations, 2019 - IBBI/2019-20/GN/REG044 - 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
Annual fee requirement for insolvency professional agencies; delayed payment attracts simple interest and possible further Board action. Insolvency professional agencies must pay an annual fee to the Board within fifteen days of the financial year's commencement; no annual fee is payable in the financial year of registration or renewal. Delay in payment attracts simple interest at an annual rate until paid, and the amendment provides illustrative examples of due dates and interest on delayed payment.
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.
Annual fee requirement for insolvency professional agencies; delayed payment attracts simple interest and possible further Board action.
Insolvency professional agencies must pay an annual fee to the Board within fifteen days of the financial year's commencement; no annual fee is payable in the financial year of registration or renewal. Delay in payment attracts simple interest at an annual rate until paid, and the amendment provides illustrative examples of due dates and interest on delayed payment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
