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Regulation 13 - Regulation - RECOGNITION OF INSOLVENCY PROFESSIONAL ENTITIES - Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 - Regulation 13 - 13. (1) If the Board is satisfied, after such as it deems necessary .....

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the insolvency professional entity shall- (a) at all times continue to satisfy the requirements under Regulation 12; 1[(b) inform the Board, within seven days, when an individual ceases to be its director or partner, as the case may be, in Form F of .....

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(ca) pay to the Board, a fee calculated at the rate of 0.25 percent of the turnover from the services rendered by it in the preceding financial year, on or before the 30th of April every year, along with a statement in Form G of the Second Schedule; .....

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