Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2020. - IBBI/2020-21/GN/REG057 - Insolvency and Bankruptcy
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Fee payment extension for insolvency professionals extends deadline and mandates reporting of director or partner changes. Amendments effective 28 March 2020 add provisos extending the deadline for payment of fees due for financial year 2019-2020 to on or before 30th June, 2020, and require insolvency professional entities to inform the Board within thirty days when an individual ceases to be, or joins as, a director or partner between commencement of the amendments and 31st December 2020.
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 payment extension for insolvency professionals extends deadline and mandates reporting of director or partner changes.
Amendments effective 28 March 2020 add provisos extending the deadline for payment of fees due for financial year 2019-2020 to on or before 30th June, 2020, and require insolvency professional entities to inform the Board within thirty days when an individual ceases to be, or joins as, a director or partner between commencement of the amendments and 31st December 2020.
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