IBBI - Limited Insolvency Examination Frequently Asked Question
IBBI - Limited Insolvency Examination Frequently Asked Questions (For Examinations from 1stJuly, 2019) 1. Why should I take the Limited Insolvency Examination? Is it mandated under any law and for what purpose? If you wish to register as an insolvency professional under the Insolvency and Bankruptcy Code, 2016, you must pass the Limited Insolvency Examination. This examination is mandated under regulation 5 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 made under the Insolvency and Bankruptcy Code, 2016. It is one of the mandatory conditions for registration as an insolvency professional. You must submit application for enrolment with the Insolvency Professional Agency within 12 months of passing the Limited Insolvency Examination. 2. Has the Examination pattern changed from 1st July, 2019? Yes. There has been slight change in the examination pattern. There would be 89 objective multiple-choice questions with 78 questi...