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Eligibility Criteria

I. Eligibility Criteria

A.Eligibility Criteria to Register as an Insolvency Professional:
  • Chartered Accountant, Company Secretary, Cost Accountant and Advocate who has enrolled as a member of respective Institute/Bar Council and has ten years of experience [Regulation 5(c)(iv) of the IBBI (Insolvency Professionals) Regulations, 2016], or
  • A Graduate who has fifteen years of experience in management, after receiving a Bachelor’s degree from a university established or recognized by law [Regulation 5(c)(iii) of the IBBI (Insolvency Professionals) Regulations, 2016], or
  • Successfully completed the National Insolvency Programme, as may be approved by the IBBI [Regulation 5(c)(i) of the IBBI (Insolvency Professionals) Regulations, 2016], or
  • Successfully completed the Graduate Insolvency Programme, as may approved by the IBBI [Regulation 5(c)(ii) of the IBBI (Insolvency Professionals) Regulations, 2016].

And

  • Has passed the Limited Insolvency Examination within twelve months before the date of his application for enrolment with the insolvency professional agency [Regulation 5(a) of the IBBI (Insolvency Professionals) Regulations, 2016].

And

  • Has completed a pre-registration educational course, as may be prescribed by the IBBI, from an IPA after his enrolment as professional member. [Regulation 5(b) of the IBBI (Insolvency Professionals) Regulations, 2016]
B. Limited Insolvency Examination
  • IBBI has notified syllabus for the Limited Insolvency Examination with effect from1st January 2018 to 31st October 2018 and also with effect from 1st November 2018.
  • For syllabus, registration process for the examination  (http://www.ibbi.gov.in/limited-insolvency.html)
  • The syllabus, format, qualifying marks and frequency of the Limited Insolvency Examination shall be published on the website of the Board at least three months before the examination. [Regulation 3(3) of the IBBI (Insolvency Professionals) Regulations, 2016]
C. National Insolvency Programme
  • IBBI is yet to notify this Programme.
D. Graduate Insolvency Programme
  • IBBI is yet to notify this Programme.

II. Fees to IIIPI

A. Application fees to be paid are as follows:

Fees to Indian Institute of Insolvency Professionals of ICAI (IIIPI)

  • One time non-refundable Enrolment Fee of Rs. 2000/- (Rupees Two Thousand only) plus GST @ 18%.
  • Annual Membership Fee Rs. 10,000/- (Rupees Ten Thousand only) plus GST @ 18%.
  • Membership Fee is charged at 50% of the Annual Membership Fee i.e. an amount of Rs. 5000/- (Rupees Five Thousand only) w.e.f. 1st October of each Financial Year.
B. Annual Membership Fees of IIIPI
  • Members enrolled with IIIPI have to pay an Annual membership fee Rs. 10,000/- (Rupees Ten Thousand only) plus applicable taxes @ 18% for each Financial Year. The fees should be received by IIIPI on before 30th April of every year.

Details of Key Officials

List of key officers as on 1st April 2018

Position ( As on 01/04/2018)

Sr. No.NameDesignationQualificationExperience (Yrs.)
1 Sh. Sunil Pant CEO LL. B, M. Sc. (Physics), B. Sc. (Hons.), CAIIB 42 Years
2 Sh. Susanta Kumar Sahu COO LL. B, Diploma in PM&IR, BA (Hons.) 27 Years
3 CA. Manish K Maheshwari CFO B.Com, CA 10 Years
4 CA. Meenakshi Gupta CS & Compliance Officer B.Com, CA, LL. B 16 Years