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:

C. Registration Process for Insolvency Professional is as follows:

  • Download the IIIPI Enrolment Form available at www.iiipicai.in
  • Send the Filled in Enrolment Form along with the relevant self-attested documents to Indian Institute of Insolvency Professionals of ICAI (IIIPI) with self-attested documents.
  • After completion of the Pre-registration Education Course, download the Application for Registration (Form A of the Second Schedule of the IP Regulations, 2016) available at www.iiipicai.in
  • Send the filled in Registration Form A along with the self-attested copy of the Certificate of Pre-registration Educational Course to Indian Institute of Insolvency Professionals of ICAI (IIIPI).
  • Non-refundable application fees to be paid along with the Application Form are as follows:
    • Fees to Indian Institute of Insolvency Professionals of ICAI (IIIPI)
      1. One time Enrolment Fee of Rs. 2000/- (Rupees Two Thousand only) and Annual membership fee Rs. 10,000/- (Rupees Ten Thousand only) plus GST @ 18%.
      2. Membership Fee is charged at 50% of the Annual Fee i.e. an amount of Rs. 5000/- (Rupees Five Thousand only) w.e.f. 1st October of each Financial Year along with one time Enrolment Fee of Rs. 2000/- (Rupees One Thousand only) plus GST @ 18%.
    • Fees to Insolvency and Bankruptcy Board of India (IBBI) - Rs. 10,000/- (Ten Thousand only) presently plus GST @ 18%.
    • Please note that if the fee cheque(s) submitted by the applicant is/are not cleared and returned by the Bank, the application will be liable to be rejected.
    • Separate Cheques (Local)/Demand Drafts (Payable at New Delhi) to be prepared i.e. one in favour of "Insolvency and Bankruptcy Board of India" and the other "Indian Institute of Insolvency Professionals of ICAI".
  • Address to send the duly signed hard copy of the Form is: Secretariat, Indian Institute of Insolvency Professionals of ICAI (IIIPI), 2nd Floor, Hostel Block, A- 29, Sector- 62, Noida – 201309, Phone: +91 120 3045960.
  • Applicants are requested to email (if possible) the scanned copies of Enrolment Form as well as Registration Form along with the self-attested documents at ipenroll@icai.in 

D. 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 falling due. The fees should be received by IIIPI on before 30th April 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