Posts

Showing posts from October, 2019

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...

Insolvency Professional – Meaning, Eligibility & Qualification

Meaning of Insolvency Professional An Insolvency Professional is one who is registered with the  Insolvency and Bankruptcy Board of India (IBBI) . They are enrolled with an Insolvency Agency and they are involved in the dissolution process of an insolvent individual, companies, LLPs or partnerships. These professionals are authorised to act on behalf of such insolvent individual, companies etc. During the bankruptcy situation, the insolvency professionals play a vital role in liquidating the entity assets and other settlement processes. This process has gained momentum with the government bringing in strict norms through Insolvency and Bankruptcy Code.   Insolvency Professional Agency Any agency registered with the IBBI u/s 201 of Insolvency Code, 2016 is referred as an insolvency professional agency. The key function of these agencies are to regulate the activities of insolvency professionals and ensure their development in the industry. These professional members are ...

Online consumer complaints

National Consumer Helpline, India consumer helpline , Consumer redressal, ... application "Consumer App" of Department of Consumer Affairs and website ... https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.nationalconsumerhelpline.in/ComplaintFile.aspx&ved=2ahUKEwi6jrmYu_zkAhUBUI8KHYp4Cv0QFjAPegQICRAB&usg=AOvVaw1QrvYeB0cq7l-hiWpgCnQ9&cshid=1569981634825

Launch Of ‘Smart Consumer': A Smart Phone App Which Will Enable Indian Government To Provide Product Information To Consumer

According to the All India Cosmetics Manufacturers Association (AICMA) 1 , the gray market for cosmetics has substantially grown due to the increase in customers and shopkeepers looking for discounted products. The target market is usually young generation individuals who have greater disposable income and desire for personal grooming. Similarly, to meet increasing demands for certain food products, adulteration and dilution is common. For such products, the consumer base is households as whole. The prevalence of fake products is detrimental to different stakeholders at differing levels. For instance, it adversely affects the reputation of the brands whilst simultaneously having the potentiality of being injurious to the ill-informed consumers. A need exists for government mechanisms such as laws, complaint mechanisms or alternative trajectories to inform and educate consumers. The Magnitude of the Problem According to AICMA 2 , in India most spurious cosmetic products are floatin...