Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2020

Feb 13, 2020 | by Avantis RegTech Legal Research Team


The Insolvency and Bankruptcy Board of India (IBBI) on February 12, 2020, has published the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2020 to further amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.

The vide amendment substitutes the Regulation 40B(4) which specifies the procedure for filing forms under this Regulations:

Sub-regulation (4): The filing of a Form under this regulation after due date of submission, whether by correction, updation or otherwise, shall be accompanied by a fee of five hundred rupees per Form for each calendar month of delay after April 01, 2020.

They will come into force on the date of their publication in the Official Gazette.

[Notification No. IBBI/2019-20/GN/REG055]


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