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Insolvency and Bankruptcy Board of India 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001 Clarification No. IBBI/CIRP Forms/2020 4th December, 2020 Subject: Computation of fee payable for delay in filings under regulation 40B of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Board is in receipt of a few emails from IPs seeking clarification on the above subject. 2. It is clear from the sub-regulation (4) of regulatio
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FAQ :
A fee of five hundred rupees per Form is payable for each calendar month of delay after 1st October 2020.
The fee is payable for the period that lapses between the due date of filing a Form or 1st October 2020, whichever is later, and the actual date of filing the Form.
Yes, the IBBI has decided to refund excess fees paid in cases where the delay was due to technical glitches, fee was paid twice for the same form, or fee was paid from the original due date instead of the later date.
The fee is applicable for delays occurring after 1st October 2020.
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Notification No : No. IBBI/CIRP Forms/2020Published in Corporate Law
Source : https://www.ibbi.gov.in/uploads/legalframwork/60e18951f684c85b59ab3485e25081aa.pdf