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        IBC

        Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2022 - IBBI/2022-23/GN/REG092 - Insolvency and Bankruptcy

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        Fee-sharing prohibition: insolvency professionals must not accept or share fees with appointed professional or support service providers. An amendment adds clause 26A to the First Schedule of the 2016 Regulations: an insolvency professional shall not accept or share any fees or charges from any professional or support service provider appointed under the processes, establishing an express prohibition on fee-sharing with appointed service providers.
                      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-sharing prohibition: insolvency professionals must not accept or share fees with appointed professional or support service providers.

                            An amendment adds clause 26A to the First Schedule of the 2016 Regulations: an insolvency professional shall not accept or share any fees or charges from any professional or support service provider appointed under the processes, establishing an express prohibition on fee-sharing with appointed service providers.


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