TMI BlogPayment of fees to the Insolvency and Bankruptcy Board of India (the IBBI/Board)X X X X Extracts X X X X X X X X Extracts X X X X ..... of existing fee structure along with relevant forms, applicable to Insolvency professionals (IPs) and Insolvency Professional Entities (IPEs) and has also introduced regulatory fee as per details in annexure:- i. IBBI (Insolvency Professionals) Regulations, 2016 ; ii. IBBI (Model Bye-Laws and Governing Board of Insolvency Professional Agencies) Regulations, 2016 ; and iii. IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. 2. All Insolvency Professional Agencies (IPAs), their professional members and all IPEs are requested to take note of the aforesaid amendments for strict compliance. 3. The fee referred to in the annexure, for which online payment module is not yet implemented, shall be credit ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rm E submitted through dedicated online module] IP (Individual) 0.25% of professional fee earned for the services rendered as an IP in the preceding financial year. 1.00% of professional fee earned for the services rendered as an IP in the preceding financial year. 1 st October 2022 2. Insolvency Professional Entities (i) Application Fees for recognition as an IP (Onetime) [Form C submitted through dedicated online recognitio n module] IPE Rs.50,000/ - Rs.2,00,000/ - 1 st October 2022 (ii) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0.25% of the realisable value to creditors under the resolution plan approved under section 31, shall be payable to the Board, where such realisable value is more than the liquidation value. In cases where resolution plan is approved under section 31, on or after 1 st October 2022 (ii) Related to hiring any professional or other services [Form EA to be submitted through physical mode/ multiple payment modes] IP NA 1.00% of the cost being booked in insolvency resolution process costs in respect of hiring any professional or other services by IRP or RP. 1 st October 2022 * In terms of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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