IBBI Notifies Revision of fees applicable for Limited Insolvency Examination and Valuation Examinations

IBBI Notifies Revision of fees applicable for Limited Insolvency Examination and Valuation Examinations The Insolvency and Bankruptcy Board of India(IBBI) has notified Revision of fees applicable for Limited Insolvency Examination and Valuation Examinations. In order to exercise its authority under Section 196(1)(a) of the Insolvency and Bankruptcy Code of 2016 and under Rule 5 of the Companies (Registered Valuers and Valuation) Rules of 2017, the IBBI conducts Limited Insolvency Examinations and Valuation Examinations. A fee of Rs. 1,500 + applicable GST, i.e., Rs. 1,770 per enrolment is currently being charged for each of these examinations. It has been decided to revise the existing fee applicable for each enrolment on or after 1st October 2022 to Rs. 5,000 + applicable GST, i.e., Rs. 5,900 for the Limited Insolvency Examination or Valuation Examinations. Circular No. IBBI/EXAM/52/2022 dated 31st August 2022 issued in this regard is available at www.ibbi.gov.in.