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    <title>IBBI amends the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016</title>
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    <description>The amendments require insolvency professionals and insolvency professional entities to pay an annual fee based on preceding financial year earnings by 30th April, establish an application fee for recognition of entities, mandate seven-day notification of director or partner changes with a processing charge, and provide that delayed fee payments will bear simple interest at a prescribed annual rate; the amendments became effective on 11th October, 2018.</description>
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