Section 7(2)(ca) in Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016
(ca)pay to the Board, a fee calculated at the rate of 0.25 percent of the professional fee earned for the services rendered by him as an insolvency professional in the preceding financial year, on or before the 30th of April every year, along with a statement in Form E of the Second Schedule;]