Now IPs can’t accept/share fees from any support service providers appointed under IBC
- Blog|News|Insolvency and Bankruptcy Code|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 15 September, 2022
Latest from Taxmann
Notification No. IBBI/2022-23/GN/REG092, Dated: 13.09.2022
The Govt. has notified the IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2022 to further amend the IBBI (Insolvency Professionals) Regulations, 2016. Amendment has been made in the First Schedule representing the Code of Conduct for IPs. A new clause 26A has been inserted, which restricts IPs from accepting /sharing any fees or charges from any professional and/or support service provider who are appointed under the processes.
Click Here To Read The Full Notification
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
