Mineral production grows by 8 percent in February (See 'Corp Brief') SARFAESI Act - Court refrains to adjudicate matter on merits when matter is already pending in DRAT : HC (See 'Legal Desk') Coal production in April up by 7.4% (See 'Corp Brief') SEBI Act - Appellants have made case for stay as rigours of directions of SEBI order would adversely affect business of Appellant as well as their clients : SAT (See 'Legal Desk') Trade Mark Act - Marks 'BETSONE' and 'BETASON' are deceptively similar to registered trademark 'BETNESOL' and visually, phonetically and structurally alike, with minimal alterations : HC (See 'Legal Desk') Voting by tribal communities blossoms as ECI's outreach to them bears fruit (See 'Corp Brief') SARFAESI Act - No fault can be found with respondent financial institution invoking Section 14 of SARFAESI Act by approaching District Magistrate, Rewa : HC (See 'Legal Desk') Ministry of Parliamentary Affairs observes Swachhata Pakhwada (See 'Corp Brief') Arbitration Act - Arbitral award cannot be interfered with if view of arbitral tribunal is plausible one : HC (See 'Legal Desk') IBC - Asset memorandum shall not be accessible to any person during liquidation : IBBI (See 'Legal Desk') Critical Minerals Summit concludes (See 'Corp Brief') Cr.P.C. - While adjudicating on bail application court is duty bound to ensure that accused's right to life and right to health is not violated : HC (See 'Legal Desk') PMLA - Petitioner cannot claim bail as matter of right for treatment only at specialized hospital of his choice : HC (See 'Legal Desk') SEBI (Research Analysts) Regulations, 2014 for ontravention of RA Regulations Certificate of Registration of Noticee Gaurav Sarda can be cancelled : SEBI (See 'Legal Desk') REC Ltd declares financial results, records highest ever annual net profit (See 'Corp Brief') Trade Marks Act - Defendant's adoption of Trademark is not in good faith and potential confusion encroaches upon Plaintiff's statutory trademark rights : HC (See 'Legal Desk') SEBI Act - Noticee was maintaining call records which were sent to SEBI : SEBI (See 'Legal Desk') Arbitration - Petition u/s 29A for extension of mandate of Arbitral Tribunal can be filed even after mandate has expired : HC (See 'Legal Desk') Mines Ministry to hold 2-day Critical Minerals Summit (See 'Corp Brief') IBC - When one party owes debt to another and creditor is claiming under written agreement providing for rendering 'service', debt is operational debt if claim of debt has some connection with service : SC (See 'Legal Desk') Companies Act - Stamp duty @5% market value of property is liable to be paid only when property is situated within State of Madhya Pradesh otherwise not : HC (See 'Legal Desk') SEBI Act - Final opportunity of inspection of documents and cross-examination of witnesses should be given to Appellants : SAT (See 'Legal Desk') SARFAESI Act - Mere discovery of new or important matter or evidence is not a sufficient ground for review ex debito justitiae : HC (See 'Legal Desk') Conference organized on Maritime Amrit Kaal Vision 2047 (See 'Corp Brief') PMLA -Bail application can be dismissed as petitioner failed to satisfy conditions for grant of bail : HC (See 'Legal Desk') CSIR, NIScPR organize national workshop to celebrate World Intellectual Property Day (See 'Corp Brief') SEBI Act - Appellants have failed to substantiate their claim of financial distress nor have they brought any new fact or circumstances requiring grant of interim relief : SAT (See 'Legal Desk') ACC delivers lifetime highest annualised PAT (See 'Corp Brief') Trade Mark Act - Marks are visually phonetically and deceptively similar to Plaintiffs' trademarks : HC (See 'Legal Desk') SJVN inaugurates First Multi-purpose Green Hydrogen Pilot Project (See 'Corp Brief') IBC - Even if CIRP commences, Directors, who are incharge of affairs of Company cannot be absolved of any wilful default committed by borrower Company : HC (See 'Legal Desk') REC to extend loan of Rs 1869 Cr for Kiru Hydro Electric Project (See 'Corp Brief')

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Limited Insolvency Examination to start from July 1, 2017

Published: May 17, 2017

By TIOLCORP News Service

NEW DELHI, MAY 17, 2017: THE Insolvency and Bankruptcy Board of India (IBBI) has specified the syllabus, format and frequency of the “Limited Insolvency Examination” under regulation 3(3) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 as under:

I. Syllabus for Examination

The second edition of “Limited Insolvency Examination” will start from 1st July, 2017 to 30th June, 2018. This is in continuation to the first edition limited insolvency examination which is being conducted from 31st December, 2016 to 30th June, 2017; The syllabus for the second edition of “Limited Insolvency Examination” is as under:

Sl. No

Coverage

Weight (%)

a.

The Insolvency and Bankruptcy Code, 2016

25

b.

Rules and Regulations under the Bankruptcy Code (All Rules and Regulations notified under the Code till 31 st March, 2017)

28

c.

(I) The Companies Act, 2013

(II) The Partnership Act, 1932, and
(III) The Limited Liability Partnership Act, 2008

10

d.

(I) The Indian Contracts Act,

(II) Transfer of Property Act, 1882;
(III) The Sale of Goods Act, 1930

04

e.

(I) The Recovery of Debts due to Banks and Financial Institutions Act, 1993; 
(II) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002; and
(III) Corporate Debt Restructuring Scheme, Strategic Debt Restructuring, and Scheme for Sustainable Structuring of Stressed Assets (S4A) (of RBI)

05

f.

General Awareness (Constitution, Economy, Financial Markets and Rights of Workmen)

04

g.

Finance and Accounts
(Corporate Finance, and Financial Analysis)

04

h.

Case Study / Case Laws (Cases on Corporate Insolvency Resolution, Corporate Liquidation, Fresh Start, Individual Insolvency Resolution and Individual Bankruptcy.) These can be real / hypothetical cases based on the application of the code or similar situations created based on actual cases under IBC, 2016. There will be two comprehension narrating case situation and there will be five questions based on each case carrying two marks each..

20

Total

100

This syllabus is valid for examinations conducted from 1 st July, 2017 to 30th June, 2018.

II.   Format of Examination

The format of examination is as under:

  • The examination will be conducted online (computer-based in a proctored environment); with objective multiple choice questions;
  • The duration of the examination will be two hours;
  • A candidate will be required to answer 90 questions in two hours for a total of 100 marks;
  • There will be negative marking of 25% of the marks assigned for the question;
  • Passing mark for the examination is 60%;
  • Passing candidates will be awarded a certificate by the Board;
  • A candidate will be issued a temporary mark sheet on submission of examination paper; and
  • No workbook or study material will be provided.

III.   Frequency of Examination

The frequency of Examination is as under:

  • The examination will be available from 100 + locations in the country;
  • The examination will be available from 1 st July, 2017 between 9:30 AM and 5:30 PM;
  • A candidate needs to enroll for examination at www.nism.ac.in . He needs to select IBBI-Limited Insolvency Examination and enroll himself for the examination by choosing the time, the day and the examination centre for his examination;
  • A candidate needs to provide PAN and Aadhaar to enroll for the examination; and
  • A candidate needs to pay examination fee of Rs.1000 (Rupees one thousand only) online on every enrollment.

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