{"id":131881,"date":"2017-05-18T11:58:22","date_gmt":"2017-05-18T06:28:22","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=131881"},"modified":"2017-05-18T12:00:06","modified_gmt":"2017-05-18T06:30:06","slug":"ibbi-announces-2nd-edn-of-limited-insolvency-examination","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/05\/18\/ibbi-announces-2nd-edn-of-limited-insolvency-examination\/","title":{"rendered":"IBBI announces 2nd Edn. of Limited Insolvency Examination"},"content":{"rendered":"

The Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the \u201cLimited Insolvency Examination\u201d under Regulation 3(3) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 as under:<\/p>\n

I.Syllabus for Examination<\/strong><\/p>\n

The second edition of \u201cLimited Insolvency Examination\u201d will start from 1st July, 2017 to 30th June, 2018. This is in continuation to the first edition limited insolvency examination which is being conducted from\u00a031st December, 2016 to 30th June, 2017;\u00a0The syllabus for\u00a0the second edition of \u201cLimited Insolvency Examination\u201d is as under:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n
Sl. No<\/strong><\/td>\nCoverage<\/strong><\/td>\nWeight (%)<\/strong><\/td>\n<\/tr>\n
a.<\/td>\nThe Insolvency and Bankruptcy Code, 2016<\/td>\n25<\/td>\n<\/tr>\n
b.<\/td>\nRules and Regulations under the Bankruptcy Code (All Rules and Regulations notified under the Code till 31st<\/sup>\u00a0March, 2017)<\/td>\n28<\/td>\n<\/tr>\n
c.<\/td>\n(I) The Companies Act, 2013<\/p>\n

(II) The Partnership Act, 1932, and
\n(III) The Limited Liability Partnership Act, 2008<\/td>\n

10<\/td>\n<\/tr>\n
d.<\/td>\n(I) The Indian Contracts Act,<\/p>\n

(II) Transfer of Property Act, 1882;
\n(III) The Sale of Goods Act, 1930<\/td>\n

04<\/td>\n<\/tr>\n
e.<\/td>\n(I) The Recovery of Debts due to Banks and Financial Institutions Act, 1993;
\n(II) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002; and
\n(III) Corporate Debt Restructuring Scheme, Strategic Debt Restructuring, and Scheme for Sustainable Structuring of Stressed Assets (S4A) (of RBI)<\/td>\n		05<\/td>\n<\/tr>\n
f.<\/td>\nGeneral Awareness (Constitution, Economy, Financial Markets and Rights of Workmen)<\/td>\n04<\/td>\n<\/tr>\n
g.<\/td>\nFinance and Accounts
\n(Corporate Finance, and Financial Analysis)<\/td>\n		04<\/td>\n<\/tr>\n
h.<\/td>\nCase Study \/ Case Laws (Cases on Corporate Insolvency Resolution, Corporate Liquidation, Fresh Start, Individual Insolvency Resolution and Individual Bankruptcy.) These can be real \/ hypothetical cases based on the application of the code or similar situations created based on actual cases under IBC, 2016. There will be two comprehension narrating case situation and there will be five questions based on each case carrying two marks each..<\/td>\n20<\/td>\n<\/tr>\n
Total<\/strong><\/td>\n100<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\u00a0This syllabus is valid for examinations conducted from 1st<\/sup>\u00a0July, 2017 to 30th June, 2018.<\/p>\n

II.Format of Examination<\/strong><\/p>\n

The format of examination is as under:<\/p>\n