Grant of certificate of registration.

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....t the applicant:- (a) is eligible under Regulation 3; (b) has adequate infrastructure to perform its functions under the Code; (c) has in its employment, persons having adequate professional and other relevant experience, to enable it to perform its functions under the Code; and (d) has complied with the conditions of the certificate of registration, if he has s....

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.... ^1[(c) pay an annual fee of five lakh rupees to the Board, within fifteen days from the date of commencement of the financial year: Provided that no annual fee shall be payable in the financial year in which an insolvency professional agency is granted registration or renewal, as the case may be: Provided further that without prejudice to any other action which the Board ma....

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.... paid by 15th April, 2021. Thereafter, the insolvency professional agency may apply for renewal of registration along with an application fee of five lakh rupees. If renewal is granted, there will be no annual fee for 2021-22. (b) Where the annual fee is paid on 20th April, 2017, interest at the rate of twelve percent per annum shall be paid for the delay of five days.] (d) seek ....

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