The Board hereby publishes the syllabus, format and frequency of the “Limited Insolvency Examination” under regulation 3(3) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016:
I. Syllabus for Examination
The syllabus for the “Limited Insolvency Examination” is as under:
| Sl. No |
Coverage |
Weight (%) |
| a. |
The Insolvency and Bankruptcy Code, 2016 (Entire Code) |
30 |
| b. |
Rules and Regulations under the Bankruptcy Code (All Rules and Regulations notified under the Code till 30th November, 2016) |
25 |
| c. |
Report of the Bankruptcy Law Reforms Committee (Entire Report) |
05 |
| d. |
(I) The Companies Act, 2013
- Chapter III Prospectus and Allotment of Securities
- Chapter IV Share Capital and Debentures
- Chapter V Acceptance of Deposits by Companies
- Chapter VI Registration of Charges
- Chapter VII Management and Administration
- Chapter IX Accounts of Companies
- Chapter XV Compromises, Arrangements and Amalgamations
- Chapter XVII Registered Valuers
- Chapter XVIII Removal of names of the companies from the register of companies
- Chapter XX Winding-up of the companies
- Chapter XXVII NCLT and NCLAT
(II) The Partnership Act, 1932, and
(III) The Limited Liability Partnership Act, 2008
(Nature of LLP; Partners and their Relations; Limitation of Liability; Financial Disclosures)
|
10 |
| e. |
(i) The Indian Contracts Act, 1872 (Void, Voidable and Contingent Contracts; Novation, Rescission and Alteration of Contracts; Damages for breach; Indemnity, Guarantee, Surety, Bailment and Pledge; Set off)
(II) Transfer of Property Act, 1882;
(III) The Sale of Goods Act, 1930 (Sale, Warranties, Lien and Damages).
|
05 |
| f. |
(I) The Recovery of Debts due to Banks and Financial Institutions Act, 1993;
(II) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002; and
(III) Corporate Debt Restructuring Scheme, Strategic Debt Restructuring, and Scheme for Sustainable Structuring of Stressed Assets (S4A) (of RBI)
|
05 |
| g. |
General Awareness (Constitution, Economy, Finance, Code of Conduct for Insolvency Professionals, and Rights of Workmen) |
05 |
| h. |
Finance and Accounts
(Corporate Finance, and Financial Analysis)
|
05 |
| i. |
Case Study (Cases on Corporate Insolvency Resolution, Corporate Liquidation, Fresh Start, Individual Insolvency Resolution and Individual Bankruptcy) |
10 |
| Total |
100 |
This syllabus will hold good for examinations conducted from 31st December, 2016 to 30thJune, 2017.
II. Format of Examination
The format of examination is as under:
- The examination will be conducted online (computer-based in a proctored environment); with objective multiple choice questions;
- The duration of the examination will be two hours;
- A candidate will be required to answer 90 questions in two hours for a total of 100 marks;
- There will be negative marking of 25% of the marks assigned for the question;
- Passing mark for the examinationis 60%;
- Passing candidates will be awarded a certificate by the Board;
- A candidate will be issued a temporary mark sheet on submission of test paper; and
- No workbook or study material will be provided.
III. Frequency of Examination
The frequency of Examination is as under:
- The examination will be available from 100 + locations in the country;
- The examination will be available from 31st December, 2016 between 9:30 AM and 5:30 PM;
- The enrollment for examination will be open from 15th December, 2016.
- A candidate needs to enroll for examination at . He needs to select IBBI-Limited Insolvency Examination and enroll himself for the examination by choosing the time, the day and the examination centre for his examination;
- A candidate needs to provide PAN and Aadhaar to enroll for the examination; and
- A candidate needs to pay examination fee of Rs.1000 (Rupees one thousand only) online on every enrollment.
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