Pre-registration educational course under regulation 5(b) of the IBBI (Insolvency Professionals) Regulations, 2016
Insolvency and Bankruptcy Board of India
7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001
Circular No. IPA/011/2018
23rd April, 2018
To
All Registered Insolvency Professional Agencies
(By mail to registered email addresses and on the website of the IBBI)
Dear Madam / Sir,
Subject: Pre-registration educational course under regulation 5(b) of the IBBI (Insolvency Professionals) Regulations, 2016
In terms of the IBBI (Insolvency Professionals) Regulations, 2016, an individual is eligible for registration as an insolvency professional, subject to meeting other requirements, if he has completed a pre-registration educational course, as may be required by the Board, from an insolvency professional agency (IPA) after his enrolment as a professional member.
2. In consultation with IPAs, the IBBI hereby specifies the details of pre-registration educational course to be conducted by them as under:
| Sl. No |
Coverage |
Time (Hours) |
| 1 |
|
2 |
| 2 | Drafting and Filing of Applications for initiation of CIRP on behalf of:
Drafting and Filing of other Miscellaneous Applications Case Laws relating to Admission for CIRP |
2 |
| 3 | Familiarisation with Forms and Formats under:
|
2 |
| 4 | Taking over the Corporate Debtor as IRP / RP
|
2 |
| 5 | Managing the Corporate Debtor
|
3 |
| 6 | Claims with Examples
|
2 |
| 7 | Conduct the first meeting of the CoC and Subsequent Meetings
|
3 |
| 8 | Appearance before Adjudicating/Appellate Authority | 2 |
| 9 | Witness the Proceedings before
|
4 |
| 10 | Detection and Filing for
|
2 |
| 11 | Moratorium
|
1 |
| 12 | Fees and Expenses
|
2 |
| 13 | Information Memorandum
|
2 |
| 14 | Invitation of Resolution Plans
|
3 |
| 15 | Eligibility for Resolution Applicants
|
3 |
| 16 | Resolution Plan
|
3 |
| 17 | Liquidation Process
|
4 |
| 18 | Disciplinary Aspects
|
2 |
| 19 | Governance
|
3 |
| 20 | Management
|
3 |
| Total | 50 | |
3. The pre-registration educational course shall be delivered by the IPAs in not less than 50 hours either in class room sessions or in MOOCS environment. The participants must have opportunity to do the tasks themselves in a near-real environment with practical examples.
4. This pre-registration educational course will be reviewed on 31st March, 2019.
5. This circular is issued in exercise of powers under section 196 of the Insolvency and Bankruptcy Code, 2016 read with regulation 5(b) of the IBBI (Insolvency Professionals) Regulations, 2016.
Yours faithfully,
(Debajyoti Ray Chaudhuri)
Chief General Manager
Email: dr.chaudhuri@ibbi.gov.in
