.

I. Eligibility Criteria
Registration after passing Examination
Regulation 5 of the “Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016”, subject to the other provisions of these Regulations, an individual shall be eligible for registration, if he-

  1. has passed the National Insolvency Examination;
  2. has passed the Limited Insolvency Examination, and has fifteen years of experience in management, after he received a Bachelor’s degree from a university established or recognized by law; or
  3. has passed the Limited Insolvency Examination and has ten years of experience as -
    1. a chartered accountant enrolled as a member of the Institute of Chartered Accountants of India,
    2. a company secretary enrolled as a member of the Institute of Company Secretaries of India,
    3. a cost accountant enrolled as a member of the Institute of Cost Accountants of India, or
    4. an advocate enrolled with a Bar Council.

He is required to submit:

  1. application for Enrolment with Insolvency Professional Agency as its member with a non-refundable fee of Rupees Eleven Thousand Eight Hundred only (Rs. 10,000 plus 18% GST) in favour of “Insolvency Professional Agency of Institute of Cost Accountants of India”; and

  2. application for registration with Insolvency and Bankruptcy Board of India (IBBI) in Form A of the Second Schedule to the said Regulations to the Insolvency Professional Agency of Institute of Cost Accountants of India along with a non-refundable application fee of ten thousand rupees in favour of “Insolvency and Bankruptcy Board of India”. This application along with said cheque/ draft will be collected by the said insolvency professional agency on behalf of the Board.