Home India Insolvency and Bankruptcy Board of India In exercise of the powers conferred by sections 196 207 and ...
Date: 2018-10-11 Category: Extra Ordinary State: Union Government Country: India

In exercise of the powers conferred by sections 196 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code

Issued by Insolvency and Bankruptcy Board of India · Not Applicable

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Executive Summary & Key Takeaways

Executive Summary: This document contains the Insolvency and Bankruptcy Board of India (IBBI) Insolvency Professionals Second Amendment Regulations, 2018. It amends the Insolvency and Bankruptcy Board of India Insolvency Professionals Regulations, 2016. Key changes include new fee structures for insolvency professionals and entities, along with updated reporting requirements and interest on late payments. The regulations came into force on October 11, 2018. Key Points / Main Content: Fee Structure for Insolvency Professionals: * Insolvency professionals must pay a fee of ten thousand rupees to the Board every five years after the year in which the certificate is granted, payable on or before the 30th of April. * Insolvency professionals must pay a fee calculated at 0.25% of their professional fees earned in the preceding financial year, payable on or before the 30th of April each year, along with Form E. Fee Structure for Insolvency Professional Entities: * Application fee of fifty thousand rupees for recognition as an insolvency professional entity to the Board in Form C. * Insolvency professional entities must pay a fee calculated at 0.25% of the turnover from services rendered in the preceding financial year, payable on or before the 30th of April each year, along with Form G. Reporting Requirements for Insolvency Professional Entities: * Insolvency professional entities must inform the Board within seven days when an individual ceases to be or joins as its director or partner, using Form F, along with a fee of two thousand rupees. Interest on Late Payments: * A simple interest at 12% per annum will be charged on any unpaid fee amount to the Board, after the last date of payment. New Forms: * Form E: Annual statement of professional fee of insolvency professional. * Form F: Information of cessation/joining of a Director/Partner in an insolvency professional entity. * Form G: Annual statement of turnover of insolvency professional entity. Impact Analysis: Insolvency Professionals: * Impact: Changes in fee payment structure, new annual fee based on income, and potential interest charges for late payments. New reporting requirements via Form E. * Action Required: Calculate and pay the annual fee by the 30th of April each year, submit Form E, and ensure timely payment of fees to avoid interest charges. Insolvency Professional Entities: * Impact: Changes in application and fee payment structure, new annual fee based on turnover, potential interest charges for late payments, and reporting requirements for changes in directors or partners. * Action Required: Calculate and pay the annual fee by the 30th of April each year, submit Form G, report any changes in directors or partners within seven days using Form F, and ensure timely payment of fees to avoid interest charges. Insolvency and Bankruptcy Board of India (IBBI): * Impact: Responsible for implementing and overseeing the new regulations, collecting fees, and monitoring compliance. * Action Required: Ensure systems are in place to receive and process fee payments, monitor reporting compliance, and enforce penalties for non-compliance.

Key Entities Referenced

New Delhi: The city where the notification was issued. Insolvency and Bankruptcy Board of India (IBBI): The regulatory body that issued the notification. Insolvency and Bankruptcy Code, 2016: The legal framework under which the regulations are made. Insolvency Professionals Regulations, 2016: The principal regulations being amended. Insolvency Professionals Second Amendment Regulations, 2018: The name of the regulations being introduced. Form E: Form E of the Second Schedule Form F: Form F of the Second Schedule Form G: Form G of the Second Schedule
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L.-33004/99 vlk/kj.k EXTRAORDINARY Hkkx III—[k.M 4 PART III—Section 4 izkf/dkj ls izdkf'kr PUBLISHED BY AUTHORITY la- 384] ubZ fnYyh] c``gLifrokj] vDrwcj 11] 2018@vkf'ou 19] 1940 No. 384] NEW DELHI, THURSDAY, OCTOBER 11, 2018/ASVINA 19, 1940 (cid:1)(cid:1)(cid:1)(cid:1)ददददववववााााललललाााा अअअअ(cid:7)(cid:7)(cid:7)(cid:7)ममममतततताााा बबबबोोोोडडडड (cid:13)(cid:13)(cid:13)(cid:13) भभभभााााररररततततीीीीयययय औऔऔऔरररर शशशशोोोोधधधधनननन अअअअििििधधधधससससचचूूचचूू ननननाााा नई (cid:1)द(cid:3)ली, 11 अ(cid:7)त बू र, 2018 भभभभााााररररततततीीीीयययय (cid:1)(cid:1)(cid:1)(cid:1)ददददववववााााललललाााा औऔऔऔरररर शशशशोोोोधधधधनननन अअअअ(cid:7)(cid:7)(cid:7)(cid:7)ममममतततताााा बबबबोोोोडडडड (cid:13)(cid:13) (cid:13)(cid:13)(((((cid:1)(cid:1)(cid:1)(cid:1)ददददववववााााललललाााा (cid:15)(cid:15)(cid:15)(cid:15)ााााववववससससााााििििययययकककक)))) ((((िििि(cid:20)(cid:20)(cid:20)(cid:20)ततततीीीीयययय ससससशशंंशशंं ोोोोधधधधनननन)))) ििििववववििििननननययययमममम,,,, 2222000011118888 सससस.ंंंं आआआआईईईई....बबबबीीीी....बबबबीीीी....आआआआईईईई..../2222000011118888----11119999/जजजजीीीी....एएएएनननन..../आआआआरररर....ईईईई....जजजजीीीी....000033336666—भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड,(cid:18) (cid:1)दवाला और शोधन अ(cid:13)मता संिहता, 2016 (2016 का 31) क(cid:20) धारा 240 के साथ प(cid:22)ठत धारा 196, धारा 207 और धारा 208 (cid:24)ारा (cid:26)द(cid:27) शि(cid:30)य का (cid:26)योग करते "ए, भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) िविनयम, 2016 का और संशोधन करन े के िलए िन’िलिखत िविनयम बनाता ह,ै अथा(cid:18)त:्— 1. (1) इन िविनयम का संि(cid:13), नाम भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18)((cid:1)दवाला $ावसाियक) (ि(cid:24)तीय संशोधन) िविनयम, 2018 ह ै। (2) य ेराजप/ म0 (cid:26)काशन क(cid:20) तारीख से (cid:26)वृ(cid:27) ह ग े। 2. भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) िविनयम, 2016 (िज5ह 0 इसके प7ात ् मूल िविनयम कहा गया ह)ै के िविनयम 7 के उप-िविनयम (2) म0, खंड (ग) के ;थान पर िन’िलिखत खंड अंतः;थािपत (cid:1)कए जाएंग,े अथा(cid:18)त:्— (ग) बोड(cid:18) को, उस वष(cid:18) के प7ात् िजसम0 (cid:26)माणप/ (cid:1)दया जाता ह,ै (cid:26)Aयेक पांच वषC म0 दस हजार Dपए क(cid:20) रिज;Eीकरण फ(cid:20)स का संदाय करेगा और ऐसी फ(cid:20)स उस वष (cid:18) क(cid:20) 30 अ(cid:26)ैल को या उससे पूव(cid:18), िजसम0 वह देय होती ह.ै संद(cid:27) क(cid:20) जाएगी; दददद(cid:26)(cid:26)(cid:26)(cid:26)ृृृृ टट टट ााााततंंततंं जहां वष(cid:18) 2017-18 म,0 रिज;Eीकरण 2 फरवरी, 2018 को अनुद(cid:27) (cid:1)कया जाता ह ै वहां फ(cid:20)स पांच वषC के प7ात ् (2018-19, 2019-20, 2020-21, 2021-22 और 2022-23) 1 अ(cid:26)लै , 2023 को देय होगी और वह 30 अ(cid:26)ैल, 2023 को या उससे पूव(cid:18) संद(cid:27) क(cid:20) जाएगी । 5980 GI/2018 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] (गक) बोड(cid:18) को, पूव(cid:18)वतQ िव(cid:27)ीय वष(cid:18) म0 उसके (cid:24)ारा (cid:1)दवाला $ावसाियक के Rप म0 (cid:26)दान क(cid:20) गई सेवाT के िलए अUजत $ावसाियक फ(cid:20)स के 0.25 (cid:26)ितशत क(cid:20) दर पर संगिणत फ(cid:20)स का संदाय, दसू री अनुसूची के (cid:26)Rप ङ म0 क(cid:20) िववरणी सिहत (cid:26)Aयेक वष(cid:18) 30 अ(cid:26)लै को या उससे पूव(cid:18) करेगा;”; 3. मूल िविनयम के िविनयम 12 म0, उप-िविनयम (2) के ;थान पर िन’िलिखत उप-िविनयम रखा जाएगा, अथा(cid:18)त:् — “(2) उप-िविनयम (1) के अधीन पा/ कोई $ि(cid:30), (cid:1)दवाला $ावसाियक सं;था के Rप म0 मा5यता लेन े के िलए बोड (cid:18) को दसू री अनुसूची के (cid:26)Rप ग म0 पचास हजार Rपए क(cid:20) आवदे न फ(cid:20)स सिहत आवेदन कर सकेगा ।”। 4. मूल िविनयम के िविनयम 13 के उप-िविनयम (2) के खंड (ख) और खडं (ग) के ;थान पर िन’िलिखत खंड रख े जाएंगे, अथा(cid:18)त ्: — “(ख) जब कोई $ि(cid:30), उसका, यथाि;थित, िनदेशक या भागीदार नहZ रहता ह,ै बोड (cid:18) को सात (cid:1)दन के भीतर दो हजार Rपए क(cid:20) फ(cid:20)स सिहत दसू री अनुसूची के (cid:26)Rप च म0 सूिचत करेगी; (ग) जब कोई $ि(cid:30), उसम0 यथाि;थित, िनदशे क या भागीदार के Rप म0 शािमल होता ह,ै बोड (cid:18) को सात (cid:1)दन के भीतर दो हजार Rपए क(cid:20) फ(cid:20)स सिहत दसू री अनुसूची के (cid:26)Rप च म 0सूिचत करेगी; (गक) बोड(cid:18) को, पूव(cid:18)वतQ िव(cid:27)ीय वष(cid:18) म0 उसके (cid:24)ारा (cid:26)दान क(cid:20) गई सेवाT से "ए आवत(cid:18) के 0.25 (cid:26)ितशत क(cid:20) दर पर संगिणत फ(cid:20)स का संदाय, दसू री अनुसूची के (cid:26)Rप छ म 0 क(cid:20) िववरणी सिहत 30 अ(cid:26)लै को या उससे पूव(cid:18) करेगा; और”। 5. मूल िविनयम म0, िविनयम 14 के प7ात ् िन’िलिखत िविनयम अंतः;थािपत (cid:1)कया जाएगा, अथा(cid:18)त:् — ““““11115555.... (cid:28)(cid:28)(cid:28)(cid:28)ययययााााजजजज – ऐसी (cid:1)कसी अ5य कार(cid:18)वाई पर (cid:26)ितकूल (cid:26)भाव डाले िबना, जो बोड(cid:18), जैसा (cid:1)क वह संिहता या उसके अधीन बनाए गए (cid:1)क5हZ िविनयम के अधीन उिचत समझे, कर सकता ह,ै (cid:1)कसी (cid:1)दवाला $ावसाियक या (cid:1)कसी (cid:1)दवाला $ावसाियक सं;था (cid:24)ारा फ(cid:20)स के संदाय म0 िवलंब करने पर, इन िविनयम के अधीन फ(cid:20)स का संदाय करने क(cid:20) अंितम तारीख के प7ात ् असंद(cid:27) फ(cid:20)स क(cid:20) रकम पर 12 (cid:26)ितशत वाUषक दर पर साधारण ^याज बोड(cid:18) को संद(cid:27) (cid:1)कया जाएगा ।”। 6. मूल िविनयम क(cid:20) दसू री अनुसूची म0, (cid:26)Rप घ के प7ात् िन’िलिखत (cid:26)Rप अंतः;थािपत (cid:1)कए जाएंगे, अथा(cid:18)त:् — “(cid:30)(cid:30)(cid:30)(cid:30)(cid:31)(cid:31)(cid:31)(cid:31)पपपप ङङङङ [भारतीय (cid:1)दवाला और शोधन-अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) िविनयम, 2016 के िविनयम 7(2)(गक) के अधीन] सेवा म0, महा(cid:26)बंधक (आई.पी. (cid:26)भाग) भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) िवषय: (cid:1)दवाला $ावसाियक क(cid:20) $ावसाियक फ(cid:20)स क(cid:20) वाUषक िववरणी । महोदय/महोदया, 1. मa...............(नाम अंतः;थािपत कर0) (cid:1)दवाला $ावसाियक के Rप म0 अपनी सेवाT से िव(cid:27)ीय वष(cid:18)............(िव(cid:27)ीय वष(cid:18) अतं ः;थािपत कर0) म 0 अUजत (चाह े (cid:26)ा, क(cid:20) गई हो या नहZ) $ावसाियक फ(cid:20)स क(cid:20) िन’िलिखत Rप म 0 वाUषक िववरणी (cid:26);तुत करता b ं: cम सं. ऋणी का नाम (अंत(cid:22)रम समाधान $ावसाियक/समाधान $ावसाियक/ वष(cid:18) के िलए (cid:1)दवाला $ावसाियक के Rप म0 समापक/ 5यासी/अ5य, य(cid:1)द कोई ह)ै ) के Rप म 0 (cid:26)दान क(cid:20) $ावसाियक फ(cid:20)स(Rपय गई सेवाए ं म0) 1 2 3 ककककुुुुलललल¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 3 2. िन’िलिखत रकम0 बोड (cid:18) को संदेय ह:a cम सं. (cid:1)कस िविनयम के अधीन संदेय रकम (Dपय म0) 1. िविनयम 7(2)(गक) 2. िविनयम 15, ...... से ......... तक ^याज के Rप म 0 ककककुुुुलललल 3. ऊपर परै ा 2 म 0 िनकाली गई ........ Dपए क(cid:20) धनरािश बोड (cid:18)के खाते म0................... (cid:24)ारा जमा करा दी गई ह ै । 4. मa..............(नाम अंतः;थािपत कर0) यह (cid:26)ितeान करता b ं(cid:1)क – i. इस िववरणी म0 अंतUवf सभी जानकारी सम;त तािAवक दिृ f से सAय और सही ह ैऔर ii. इस िववरणी के (cid:26)योजनाथ (cid:18)सुसंगत (cid:1)कसी भी तािAवक जानकारी को िछपाया नहZ (cid:1)कया गया ह ै । भवदीय ;थान: (नाम) तारीख: (रिज;Eीकरण संgयांक) (cid:30)(cid:30)(cid:30)(cid:30)(cid:31)(cid:31)(cid:31)(cid:31)पपपप चचचच [भारतीय (cid:1)दवाला और शोधन-अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) िविनयम, 2016 के िविनयम 13(2)(ख) और िविनयम 13(2)(ग) के अधीन] सेवा म0, महा(cid:26)बंधक (आई.पी.ई. (cid:26)भाग) भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) िवषय: (cid:1)कसी (cid:1)दवाला $ावसाियक सं;था म0 िनदेशक/भागीदार न रहन/ेशािमल होन े क(cid:20) जानकारी । महोदय/महोदया, 1. मa, (नाम अंतः;थािपत कर0), जो (cid:1)क इस (cid:26)योजनाथ(cid:18) सhयक् Rप से (cid:26)ािधकृत b,ं (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) िविनयम, 2016 के िविनयम 13 के उप-िविनयम (2)(ख) और उप-िविनयम 2(ग) के अनुपालन म0 िन’िलिखत जानकारी (cid:26);तुत करता b ं: 1111.... (cid:1)(cid:1)(cid:1)(cid:1)ददददववववााााललललाााा (cid:15)(cid:15)(cid:15)(cid:15)ााााववववससससााााििििययययकककक सससस%%ंं%%ंं थथथथाााा,,,, ककककेेेे (cid:28)(cid:28)(cid:28)(cid:28)ययययौौौौररररेेेे क. (cid:1)दवाला $ावसाियक सं;था का नाम: ख. बोड(cid:18) (cid:24)ारा मा5यता देन े क(cid:20) तारीख: ग. मा5यता (cid:26)माणप/ का संgयांक: घ. बोड (cid:18) के पास रिज;Eीकृत ईमले पता: ङ. (cid:26)ािधकृत ह;ता(cid:13)रकता(cid:18) का नाम और पदनाम: 2222.... उउउउसससस ििििननननददददेशेशेशेशकककक////भभभभाााागगगगीीीीददददाााारररर ककककेेेे (cid:28)(cid:28)(cid:28)(cid:28)ययययौौौौररररेेेे,,,, जजजजोोोो (cid:1)(cid:1)(cid:1)(cid:1)ददददववववााााललललाााा (cid:15)(cid:15)(cid:15)(cid:15)ााााववववससससााााििििययययकककक सससस%%ंं%%ंं थथथथाााा ककककाााा भभभभाााागगगगीीीीददददाााारररर////ििििननननददददेशेशेशेशकककक ननननहहहह.... ररररहहहहाााा हहहह ैै ैै ििििववववववववररररणणणण ििििववववििििशशशशिििि0000ययययाााा ंं ंं ििििननननददददेशेशेशेशकककक////भभभभाााागगगगीीीीददददाााारररर ककककेेेे (cid:28)(cid:28)(cid:28)(cid:28)ययययौौौौररररेेेे क. नाम ख. आई.पी. के Rप म0 रिज;Eीकरण सं.(य(cid:1)द लाग ू हो )4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] ग. रिज;Eीकरण क(cid:20) तारीख(य(cid:1)द लाग ू हो) घ. आई.पी. के Rप म 0 बोड(cid:18) के पास रिज;Eीकृत ईमले पता (य(cid:1)द लाग ू हो) भभभभाााागगगगीीीीददददाााारररर////ििििननननददददेशेशेशेशकककक नननन ररररहहहहनननन ेेेेककककेेेे (cid:28)(cid:28)(cid:28)(cid:28)ययययौौौौररररेेेे क. िनदेशक/भागीदार के Rप म 0 न रहने क(cid:20) तारीख ख. (cid:7)या पूण(cid:18)कािलक िनदेशक नहZ रहा ह?ै ग. िनदेशक/भागीदार न रहन े का कारण (Aयागप//हटाया जाना/कोई अ5य) घ. संबंिधत (cid:26)ािधकारी के पास िनदेशक/भागीदार न रहन े क(cid:20) सूचना फाइल करने क(cid:20) तारीख 3333.... उउउउसससस ििििननननददददेशेशेशेशकककक////भभभभाााागगगगीीीीददददाााारररर ककककेेेे (cid:28)(cid:28)(cid:28)(cid:28)ययययौौौौररररेेेे,,,, जजजजोोोो (cid:1)(cid:1)(cid:1)(cid:1)ददददववववााााललललाााा (cid:15)(cid:15)(cid:15)(cid:15)ााााववववससससााााििििययययकककक सससस%%ंं%%ंं थथथथाााा मममम 11 11शशशशााााििििममममलललल 2222आआआआ हहहह ैै ैै ििििववववववववररररणणणण ििििववववििििशशशशिििि(cid:4)(cid:4)(cid:4)(cid:4)ययययाााा ंं ंं ििििननननददददशशेेशशेे कककक////भभभभाााागगगगीीीीददददाााारररर ककककेेेे (cid:16)(cid:16)(cid:16)(cid:16)ययययौौौौररररेेेे क. नाम ख. आई.पी. के (cid:10)प म(cid:12) रिज(cid:16)(cid:17)ीकरण सं. (य(cid:23)द लागू हो ) ग. रिज(cid:16)(cid:17)ीकरण क तारीख(य(cid:23)द लागू हो) घ. आई.पी. के (cid:10)प म(cid:12) बोड% के पास रिज(cid:16)(cid:17)ीकृत ईमेल पता (य(cid:23)द लागू हो) भभभभाााागगगगीीीीददददाााारररर////ििििननननददददशशेेशशेे कककक नननन ररररहहहहनननन ेे ेेककककेेेे (cid:16)(cid:16)(cid:16)(cid:16)ययययौौौौररररेेेे क. िनदशे क/भागीदार के (cid:10)प म(cid:12) शािमल होने क तारीख ख. *या पूण%कािलक िनदशे क के (cid:10)प म(cid:12) शािमल +ए ह?- ग. संबंिधत /ािधकारी के पास िनदशे क/भागीदार के (cid:10)प म(cid:12) शािमल होने क सूचना फाइल करने क तारीख . 4444.... ििििननननददददेशेशेशेशकककक////भभभभाााागगगगीीीीददददाााारररर नननन ररररहहहहनननन///ेे/ेेशशशशााााििििममममलललल हहहहोोोोनननन ेे ेेककककेेेे पपपपववूूववूू (cid:13)(cid:13)(cid:13)(cid:13)औऔऔऔरररर पपपप6666ाााातततत ््््(cid:1)(cid:1)(cid:1)(cid:1)ददददववववााााललललाााा (cid:15)(cid:15)(cid:15)(cid:15)ााााववववससससााााििििययययकककक सससस%%ंं%%ंं थथथथाााा ककककेेेे बबबबोोोोडडडड(cid:13)(cid:13)//(cid:13)(cid:13)//भभभभाााागगगगीीीीददददााााररररीीीी कककक8888 ससससररंंररंं चचचचननननाााा ससससररंंररंं चचचचननननाााा ((((पपपपववूूववूू ))(cid:25)(cid:25)))(cid:25)(cid:25) ससससररंंररंं चचचचननननाााा ((((पपपप(cid:27)(cid:27)(cid:27)(cid:27)ाााातततत))््))्् 3म िनदशे क/ पदनाम आई.पी. के (cid:10)प म(cid:12) पदनाम पदना आई.पी. के (cid:10)प म(cid:12) हिै सयत सं. (पूण%कािलक हिै सयत (पूण%कािल म भागीदा र का िनदशे क/ क िनदशे क/ नाम िनदशे क/ िनदशे क/ भागीदार) भागीदार) हां/ य(cid:23)द हां, हां/नह4 य(cid:23)द हां, आई.पी. आई.पी. न रिज(cid:16)(cid:17)ीकर रिज(cid:16)(cid:17)ीकरण ह4 ण सं6यांक सं6यांक 1 2 3 4¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 5 5. म a उपयु(cid:18)(cid:30) जानकारी, यथाि;थित, िनदेशक/भागीदार न रहने या शािमल होन े के सात (cid:1)दन के भीतर (cid:26);तुत कर रहा b ं। 6. िविनयम 13(2)(ख), िविनयम 13(2)(ग) और िविनयम 15 क(cid:20) अपे(cid:13)ानुसार ............. Dपए क(cid:20) रािश बोड(cid:18) के खात े म0............... (cid:24)ारा जमा करा दी गई ह ै । 7. म a (cid:26)मािणत करता b ं(cid:1)क उपयु(cid:18)(cid:30) जानकारी सAय और सही ह ै। भवदीय ((cid:26)ािधकृत ह;ता(cid:13)रकता)(cid:18) ;थान: (नाम) तारीख: (पदनाम) ((cid:1)दवाला $ावसाियक सं;था का नाम) ((cid:1)दवाला $ावसाियक सं;था क(cid:20) मा5यता (cid:26)माणप/ संgयांक) (cid:30)(cid:30)(cid:30)(cid:30)(cid:31)(cid:31)(cid:31)(cid:31)पपपप छछछछ [भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) िविनयम, 2016 के िविनयम 13(2)(गक) के अधीऩ] सेवा म0, महा(cid:26)बंधक ((cid:1)दवाला $ावसाियक सं;था (cid:26)भाग) भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) िवषय: (cid:1)कसी (cid:1)दवाला $ावसाियक सं;था के आवत (cid:18) क(cid:20) वाUषक िववरणी । महोदय/महोदया, 1. मa, (नाम अतं ः;थािपत कर0), जो (cid:1)क इस (cid:26)योजनाथ (cid:18) सhयक् Rप स े (cid:26)ािधकृत b,ं ............. ((cid:1)दवाला $ावसाियक सं;था का नाम िलिखए) (cid:24)ारा िव(cid:27)ीय वष(cid:18).................(िव(cid:27)ीय वष(cid:18) अंतः;थािपत कर0) म0 (cid:26)दान क(cid:20) गई सेवाT से "ए आवत(cid:18) (चाह े (cid:26)ा, (cid:1)कया गया ह ैअथवा नहZ) क(cid:20) वाUषक िववरणी (cid:26);तुत करता b ं: 3म सं. ऋणी का नाम (cid:23)दवाला 8ावसाियक का नाम, िजसने अंत:रम /दान क गई सेवा वष% के िलए /दान समाधान 8ावसाियक/ समाधान 8ावसाियक/ के /कार का 8ापक क गई सेवा> से िववरण +आ आवत% (?पय@ समापक/ ;यासी/अ;य, य(cid:23)द कोई ह,ै के (cid:10)प म(cid:12) म(cid:12)) सेवाएं /दान क 1 2 3 ककककुुुुलललल 2. िन’िलिखत रकम0 बोड (cid:18) को संदेय ह:a 3म सं. (cid:23)कस िविनयम के अधीन संदये रकम (?पय@ म(cid:12)) 1. िविनयम 13(2)(गक) 2. िविनयम 15, ...... से ......... तक Aयाज के (cid:10)प म(cid:12) ककककुुुुलललल 3. ऊपर परै ा 2 म 0 िनकाली गई ........ Dपए क(cid:20) धनरािश बोड (cid:18)के खाते म0................... (cid:24)ारा जमा करा दी गई ह ै । 4. मa..............(नाम अंतः;थािपत कर0) यह (cid:26)ितeान करता b ं(cid:1)क – i. इस िववरणी म0 अंतUवf सभी जानकारी सम;त तािAवक दिृ f से सAय और सही ह ैऔर6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] ii. इस िववरणी के (cid:26)योजनाथ (cid:18)सुसंगत (cid:1)कसी भी तािAवक जानकारी को िछपाया नहZ (cid:1)कया गया ह ै । भवदीय ((cid:26)ािधकृत ह;ता(cid:13)रकता)(cid:18) (नाम) ;थान: तारीख: (पदनाम) ((cid:1)दवाला $ावसाियक सं;था का नाम) ((cid:1)दवाला $ावसाियक सं;था क(cid:20) मा5यता (cid:26)माणप/ संgयांक) - डा. एम. एस. साb, अjय(cid:13) [िवeापन-III/4/असाधारण/308/18] ::::टटटट;;;;पपपपणणणण:::: भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) िविनयम, 2016, भारत के राजप/, असाधारण म 0 अिधसूचना सं. आई.बी.बी.आई./2016-17/जी.एन./आर.ई.जी.003, तारीख 29 नवhबर, 2016 (29 नवhबर, 2016 स े (cid:26)वृ(cid:27)) (cid:24)ारा (cid:26)कािशत (cid:1)कए गए थे और तAप7ात् अिधसूचना सं. आई.बी.बी.आई./2017-18/जी.एन./आर.ई.जी.027, तारीख 27 माच,(cid:18) 2018 (1 अ(cid:26)ैल, 2018 से (cid:26)वृ(cid:27)) (cid:24)ारा (cid:26)कािशत भारतीय (cid:1)दवाला और शोधन अ(cid:13)मता बोड (cid:18) ((cid:1)दवाला $ावसाियक) (संशोधन) िविनयम, 2018 (cid:24)ारा उनम 0 संशोधन (cid:1)कया गया ह ै । INSOLVENCY AND BANKRUPTCY BOARD OF INDIA NOTIFICATION New Delhi, the 11th October, 2018 Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018 No. IBBI/2018-19/GN/REG036.—In exercise of the powers conferred by sections 196, 207 and 208 read with section 240 of the Insolvency and Bankruptcy Code, 2016 (31 of 2016), the Insolvency and Bankruptcy Board of India hereby makes the following regulations further to amend the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, namely:— 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Second Amendment) Regulations, 2018. (2) They shall come into force on the date of publication in the Official Gazette. 2. In the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 (hereinafter referred to as the principal regulations), in regulation 7, in sub-regulation (2), for clause (c), the following clauses shall be substituted, namely: — “(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. (ca) pay to the Board, a fee calculated at the rate of 0.25 percent of the professional fee earned for the services rendered by him as an insolvency professional in the preceding financial year, on or before the 30th of April every year, along with a statement in Form E of the Second Schedule;”; 3. In the principal regulations, in regulation 12, for sub-regulation (2), the following sub-regulation shall be substituted, namely: —¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 7 “(2) A person eligible under sub-regulation (1) may make an application for recognition as an insolvency professional entity to the Board in Form C of the Second Schedule along with an application fee of fifty thousand rupees.”. 4. In the principal regulations, in regulation 13, in sub-regulation (2), for clauses (b) and (c), the following clauses shall be substituted, namely:— “(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 the Second Schedule along with a fee of two thousand rupees; (c) inform the Board, within seven days, when an individual joins as its director or partner, as the case may be, in Form F of the Second Schedule along with a fee of two thousand rupees; (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; and”. 5. In the principal regulations, after regulation 14, the following regulation shall be inserted, namely:— “15. Interest.—Without prejudice to any other action which the Board may take as deemed fit under the Code or any regulations made thereunder, any delay in payment of fee by an insolvency professional or an insolvency professional entity, a simple interest at the rate of 12% per annum on the amount of fee unpaid shall be paid to the Board after the last date of payment of fee under these regulations.”. 6. In the principal regulations, in the Second Schedule, after Form D, the following Forms shall be inserted, namely: “FORM E [Under Regulation 7 (2)(ca) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016] To The General Manager (IP Division) Insolvency and Bankruptcy Board of India Subject: Annual statement of professional fee of insolvency professional. Sir / Madam, 1. I, [Insert name] hereby submit the annual statement of professional fee earned (whether received or not) by me from my services as an insolvency professional in the financial year [insert financial year], as under: Sl. Name of Debtor Services rendered as (IRP / RP / Professional fee as an No. Liquidator / Trustee / Other, if insolvency professional for the any) year (Rs.) 1 2 3 Total 2. The following amounts are payable to the Board: Sl. No. Under regulation Amount Payable (Rs.) 1 Regulation 7(2)(ca) 2 Regulation 15, being interest from … to ….. Total 3. A sum of Rs. …, as worked out in Para 2 above, has been deposited into the account of the Board, vide….. .. 4. I, [insert name], hereby affirm that – i. all information contained in this statement is true and correct in all material respects and ii. no material information relevant for the purpose of this statement has been suppressed. Yours faithfully, ----------------- Place: (Name) Date:-------------------- (Registration Number)8 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] FORM F [Under Regulation 13 (2) (b) and 13 (2) (c) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016] To The General Manager (IPE Division) Insolvency and Bankruptcy Board of India Subject: Information of cessation/joining of a Director / Partner in an insolvency professional entity. Sir / Madam, I, [Insert name], being duly authorized for the purpose, submit the following information in compliance with sub- regulation (2) (b) and (2) (c) of regulation 13 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016: 1. Details of the IPE a. Name of the IPE: b. Date of Recognition by the Board: c. Recognition Number: d. E-mail address registered with the Board: e. Name and Designation of Authorised Signatory: 2. Details of director/partner who ceased to be a partner/ director of the IPE Description Particulars Details of director/partner a. Name b. Registration No. as IP (If applicable) c. Date of Registration (If applicable) d. E-mail Address Registered with the Board as IP (If applicable) Details of Cessation a. Date of Cessation as director / partner b. Whether Ceased as Whole Time Director? c. Reason of Cessation (Resignation / Removal / Any other) d. Date of Filing of Cessation with the Concerned Authority 3. Details of director / partner who joined the IPE Description Particulars Details of director / partner a. Name b. Registration No. as IP (If applicable) c. Date of Registration (If applicable) d. E-mail Address Registered with the Board as IP (If applicable) Details of Joining a. Date of Joining as director / partner b. Whether Joined as Whole Time Director? c. Date of Filing of Joining with the Concerned Authority 4. Composition of the Board / Partnership of the IPE before and after cessation/joining of the Director / Partner Sl. Composition (Before) Composition (After) No. Name of the Designation Status as an IP Name of the Designation Status as an IP Director/ (Whole Time Director/ (Whole Time Partner Director / Yes / If yes, IP Partner Director / Yes / If yes, IP Director / No Registration Director / No Registration Partner) Number Partner) Number 1 2 3¹Hkkx IIIµ[k.M 4º Hkkjr dk jkti=k % vlk/kj.k 9 4 5. I am submitting the above information within seven days of the cessation or joining, as the case may be. 6. A sum of Rs. …, as required under the regulation 13(2)(b), 13(2)(c) and 15, has been deposited into the account of the Board, vide….. .. 7. I certify that the above information is true and correct. Yours faithfully, (Authorised Signatory) Place: (Name) Date: (Designation) (IPE Name) (IPE Recognition Number) FORM G [Under Regulation 13 (2) (ca) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016] To The General Manager (IPE Division) Insolvency and Bankruptcy Board of India Subject: Annual statement of turnover of insolvency professional entity. Sir / Madam, 1. I, [Insert name], being duly authorized for the purpose, hereby submit the annual statement of turnover (whether received or not) from services rendered by the (write name of the insolvency professional entity) in the financial year [insert financial year], as under: Sl. Name of Name of IP who Broad Turnover from services No. Debtor rendered services as description of rendered in the year (In IRP / RP / Liquidator/ kind of service Rs.) Trustee / Other, if rendered any 1 2 3 Total 2. The following amounts are payable to the Board: Sl. No. Under regulation Amount Payable (Rs.) 1 Regulation 13 (2) (ca) 2 Regulation 15, being interest from … to ….. Total 3. A sum of Rs. …, as worked out in Para 2 above, has been deposited into the account of the Board, vide….. .. 4. 4. I, on behalf of [insert name of entity], hereby affirm that – i. all information contained in this statement is true and correct in all material respects and ii. no material information relevant for the purpose of this statement has been suppressed. Yours faithfully, (Authorised Signatory) Place: (Name) Date Designation) (IPE Name) (IPE Recognition Number) Dr. M. S. SAHOO, Chairperson [ADVT.-III/4/Exty./308/18]10 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4] Note: The Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 were published in the Gazette of India Extraordinary vide notification No. IBBI/2016-17/GN/REG003 on 23rd November, 2016, w.e.f 29th November, 2016 and were subsequently amended by Insolvency and Bankruptcy Board of India (Insolvency Professionals) (Amendment) Regulations, 2018 vide notification number IBBI/2017-18/GN/REG027 dated 27th March, 2018, w.e.f 1st April, 2018. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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