28th December 2016

A Brief of Limited Insolvency Examination

As per Regulation 4 and Regulation 5 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016, if a person meets eligibility and qualification criteria can register with Insolvency and Bankruptcy Board of India (hereinafter referred as “Board”) only after passing the Limited Insolvency Examination. Board has issued FAQs on Limited Insolvency Examination, the examination of which shall be held from 31st December 2016 thereafter at 100+ locations across the country. The examination is for two hours duration and will be conducted online (computer-based in a proctored environment); with objective multiple choice questions and passing score is sixty percent.

The question paper consists of 80 questions of 1 mark each and 10 questions of 2 marks each and the paper has negative marking of 25% for each wrong answer. Registration can be done on click of the link https://certifications.nism.ac.in/nismaol/Candidate/UserRegistration.aspx Examination fee is Rs. 1000/- per sitting. The Fee can be paid online by using Credit Card / Debit Card / Net Banking and thereafter, admit card can be downloaded. Sample question papers will be available on 28th December 2016 at link www.nism.ac.in/certification A candidate may appear in the examination end numbers of time till he/she passes the examination. The syllabus is given on the website of Board at www.ibbi.gov.in and IPA ICAI website www.ipaicmai.in and this will hold good for all examinations conducted from 31st December, 2016 to 30th June, 2017.

Click here to download FAQs

J K BUDHIRAJA
CEO, Insolvency Professional Agency
of Institute of Cost Accountants of India &
Senior Director (Technical), ICAI
Website: www.ipaicmai.in
Email: ipa@icmai.in