IBBI prescribes norms relating to payment of minimum fees to IRPs/RPs
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- By Chetan Kulasri
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- Last Updated on 15 September, 2022
Latest from Taxmann
Notification No. IBBI/2022-23/GN/REG091, Dated: 13.09.2022
IBBI has notified IBBI (Insolvency Resolution Process for Corporate Persons) (3rd Amendment) Regulations, 2022. A new Regulation 34B has been added to the existing regulations. Regulation 34B prescribes the fee to be paid to the interim resolution professional (IRP) and resolution professional (RP). As per the amended norms, the fee of IRP/RP appointed on or after 01-10-2022 shall be as specified in Schedule II. Further norms w.r.t performance-linked incentive fees have also been prescribed.
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