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of <h1>India Amends Insolvency Regulations: New Fees for Late Form Filings Under Regulation 40B Effective April 2020.</h1> The Insolvency and Bankruptcy Board of India issued an amendment to the Insolvency Resolution Process for Corporate Persons Regulations, 2016, effective from its publication date. The amendment modifies regulation 40B, stipulating a fee of 500 rupees per month for delayed filing of forms after April 1, 2020. The amendment outlines specific fee amounts based on the filing date, with no fee for submissions on or before the due date and increasing fees for delays. This amendment is part of a series of updates to the regulations since their original publication in November 2016.
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