IBBI (Insolvency Professionals) (Second Amendment) Regulations, 2018

The amendment regulation provides that insolvency professional require to pay a fee of Rs. 10,000/-to the Board every year on or before April 30 of the year it falls due along with a fee calculated at the rate of 0.25% of professional fee earned for the service on or before April 30 every year.
Further, A person eligible for recognition as an insolvency professional entity may make an application along with a fee of Rs. 50,000/-
Certain forms have also been prescribed for making an application or providing disclosure to the Board.