IBBI-Limited Insolvency Certification Examination Overview

The Insolvency and Bankruptcy Code, 2016, has been introduced with the primary intention of improving India’s ranking in the ease of doing business index, increasing lender’s confidence and facilitating the expansion of the credit market in India….

 

What are the course objectives?
  • You need to go through three stages for taking the examination and follow instructions given on the screen at every stage
  • The examination is available on all days beginning 31st December, 2016 from 9.30AM to 5.30PM from 100+ examination centres. To check on the availability of date and time at the examination centre of your choice
  • You can appear for the examination any number of times till you clear the exam. However, you have to enroll yourself afresh and pay the examination fee for each enrollment.
who are Eligible for this Course ?
  • Company Secretaries
  • Chartered Accountants
  • Cost Accountants
  •  advocates
Benefits from this Course ?
  • Start by first mastering the bare acts of all the legal subjects covered in the syllabus. Read, re-read, revise and re-revise. Continuous reading and revision is the key.
  • Be prudent about the subjects you focus on. Let’s be realistic. It is impossible to know everything and to be 100% prepared. It’s impossible. Instead of making a problem out of it and creating a mental barrier, let us rather acknowledge this fact and use it to our advantage. I suggest that you prioritize the subjects in the following sequence.

Limited Insolvency Examination Syllabus

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