Limited Insolvency Examination Syllabus w.e.f 1st March 2022

The Insolvency and Bankruptcy Board of India hereby publishes the syllabus and details of the Limited Insolvency Examination (Examination) under regulation 3 (3) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 for the examination to be conducted from 1st March 2022 onwards. Below is Details of syllabus and details of the Limited Insolvency Examination (Examination)

I. Syllabus for Examination:

Note: Wherever any law (an Act of Parliament or any Rule/Regulation) is referred to in the syllabus, the same shall be taken as in force as on 28th February 2022. This means that any amendment in such laws, Acts or Rules/Regulations effected after 28th February 2022 shall be ignored.

II. Details of Examination

a. The examination is conducted online (computer-based in a proctored environment) with objective multiple-choice questions;

b. The examination centres are available at various locations across the country;

c. The examination is available on every working day;

d. A candidate is expected to thoroughly read the relevant Frequently Asked Questions (FAQs) on Limited Insolvency Examination placed on the IBBI website before registering/enrolling for the examination;

e. A candidate may choose the time, the date, and the Examination Centre of his choice for taking the Examination. For this purpose, he needs to enrol and register at https://ibbiliexam.onlineregistrationform.org/IBBI;

f. A fee of Rs.1770 (Seventeen hundred and seventy rupees) is currently applicable on every enrolment;

g. The duration of the examination is 2 hours;

h. A candidate is required to answer all questions. No marks will be awarded if a question is not attempted;

i. A wrong answer attracts a negative mark of 25% of the marks assigned for the question;

j. A candidate needs to secure 60% of marks for passing;

k. A successful candidate is awarded a Pass certificate by IBBI;

l. A candidate is issued a temporary mark sheet on submission of answer paper;

m. No workbook or study material is allowed or provided;

n. No electronic devices including mobile phones and smart watches are allowed;

Further changes, if any, in the above details of the Examination will be provided subsequently.