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of <h1>IBBI Amends 2016 Regulations: New Fee Deadlines and Reporting Requirements for Insolvency Professionals Effective March 28, 2020.</h1> The Insolvency and Bankruptcy Board of India (IBBI) issued the Insolvency Professionals (Amendment) Regulations, 2020, effective from March 28, 2020. The amendments to the 2016 regulations include provisions for insolvency professionals to pay fees by June 30, 2020, for the financial year 2019-2020. The regulations also require insolvency professional entities to inform the Board within 30 days of any changes in directors or partners between the regulation's commencement and December 31, 2020. The amendments were published on the IBBI website due to a nationwide lockdown, with a commitment to publish them in the Gazette of India once feasible.
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