Insolvency and Bankruptcy Board of India (Information Utilities) (Second Amendment) Regulations, 2022 - IBBI/2022-23/GN/REG/098 - 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
Information utility fee obligation revised: higher turnover-based fee and interest on delayed payment effective October. Amendment raises monetary thresholds in Regulations 4 and 6 of the Information Utilities Regulations, 2017 and prescribes that an information utility must pay an annual fee equal to ten percent of turnover from information utility services for the preceding financial year on or before 30 April each year, with simple interest payable on delayed payments; the amendments take effect from 1 October 2022.
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.
Information utility fee obligation revised: higher turnover-based fee and interest on delayed payment effective October.
Amendment raises monetary thresholds in Regulations 4 and 6 of the Information Utilities Regulations, 2017 and prescribes that an information utility must pay an annual fee equal to ten percent of turnover from information utility services for the preceding financial year on or before 30 April each year, with simple interest payable on delayed payments; the amendments take effect from 1 October 2022.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.