TMI BlogCertificate of registration.X X X X Extracts X X X X X X X X Extracts X X X X ..... n person, as the case may be. (2) The registration shall be subject to the conditions that the insolvency professional shall- (a) at all times abide by the Code, rules, regulations, and guidelines thereunder and the bye-laws of the insolvency professional agency with which he is enrolled; (b) at all times continue to satisfy the requirements under Regulation 4; 1 [(ba) undergo continuing professional education, as may be required by the Board; (bb) not outsource any of 9 [ its ] duties and responsibilities under the Code, except those specifically permitted by the Board.] 2 [ 5 [ (c) pay to the Board, a fee of twenty thousand rupees, in case the insolvency professional is an individual or a fee of two lakh rupees ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m G of the Second Schedule. ] 8 [ (cb) pay to the Board, a fee specified under sub-regulation (2) of regulation 31A of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, within a period of thirty days, after end of each quarter or upon closure of the processes whichever is earlier, along with a statement in Form EA of the Second Schedule. Explanation: quarter means the period of three months commencing on the first day of January. April, July or October of a financial year. ] (d) not render services as an insolvency professional unless he becomes a partner or director of an insolvency professional entity recognised by the Board under Regulation 13, if he is not a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Inserted vide Notification No. IBBI/2021-22/GN/REG073 dated 27-04-2021 5. Substituted vide Notification No. IBBI/2022-23/GN/REG097 dated 20-09-2022 w.e.f. 01-10-2022 before it was read as, (c) pay to the Board, a fee of ten thousand rupees, every five years after the year in which the certificate is granted and such fee shall be paid on or before the 30th April of the year it falls due; Illustration Where registration is granted on 2nd February, 2018 in the year 2017-18, the fee shall become due on 1st April, 2023, after five years (2018-19, 2019-20, 2020-21, 2021-22 and 2022-23) and it shall be paid on or before the 30th April, 2023. 6. Substituted vide Notification No. IBBI/2022-23/GN/REG097 dated 20-09-2022 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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