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PLANNING & STRATEGIESIBBI Limited Insolvency Exams
Insolvency & Bankruptcy Code 2016Rules, Regulations, Allied & Other Laws
ByVinay Mruthyunjaya
B.Com., LLB., FCARecently Qualified IP Exams
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INTRODUCTIONPLANNING & STRATEGIES
SYLLABUS
REFERENCE -BOOKS,
MATERIAL & WEBSITES
EXAMS STRUCTURE /
EXAM CONDITIONS
START TO FINISH
CONTENTS
INTRODUCTION
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3INTRODUCTION
IBC-2016is applicable
Corporate & LLPIndividual & Partnership firms
INDIAN INSOLVENCY LAWS
CORPORATE INDIVIDUAL1. Companies Act, 1956
2. Sick Industrial Companies (special provision) Act,1985
3. Recovery of Debts Due to Bank Financial Institution Act,1993
4. Securitization and Reconstructions of Financial Assets and
Enforcement of Security Interest Act,2002 -SARFAESI
5. Companies Act –Chapter XIX & XX (2013)
6. The Insolvency and Bankruptcy Code –IBC,2016
1. Presidency Towns Insolvency Act,1909
2. Provincial Insolvency Act, 1920
3. Partnership Act, 1932
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SUBJECT/ TOPICS
IBC-20%
RR-20%
CL-8%ICA-7%
RB-6%
FA-7%
GA-6%
JP-10%
CAC-12%
CAI-4%
IBC- IBC Act
RR- IBC Rules & Regualtions
CL- The Co Law & LLP
ICA- Contracts
RB- RDDB/SERFESI/SEBI
FA- Finance & Accounts
GA- General Awarness
JP- Judicial Pronouncements
CAC- Case Analysis - Corporate
CAI- Case Analysis - Indl & Firms
SYALLBUS – WEIGHTAGE, PLANNING & STRATEGIES 11 of 21
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5SYLLABUS FOR EXAMINATION- 1 (7)
1 The Insolvency and Bankruptcy Code, 2016 (Entire Code) 20
Sl No.Weight
(%)SUBJECT/ TOPICS
Date Sections Schedule
28-05-2016 255 11
23-11-2017 2 0
06-06-2018 4 1
261 12
Parts Sections Chapters Titles
Part I 1-3 1 Preliminary
Part II 4-77 7 Corporate persons
Part III 78-187 7 Individuals /PF
Part IV 188-223 7
IBBI/IPA/IP/IU Inspections & Investigations. Accounts & Finance
Part V 224-255 1 Miscellaneous
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CODE STRUCTURE
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6SYLLABUS FOR EXAMINATION- 2 (7)
2 Rules and Regulations under the Insolvency and Bankruptcy Code, 2016 20
Sl No.Weight
(%)SUBJECT/ TOPICS
PrescribedRules
SpecifiedRegulations
5 15
Corporate Insolvency resolution plan
Liquidation process
Voluntary Liquidation
Application to Adjuring authority Fast track process
Registered Valuer IBBI model IPA Bye Laws
Annual Report IBBI IPA
Form of Annual Statement IBBI IP
Salary & Allowances IBBI IU
IBBI Board meetings
IBBI Advisors
Researchers Consultants
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7SYLLABUS FOR EXAMINATION- 3 (7)
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a. The Companies Act, 2013 –Chapters• (III ) Prospectus and Allotment of Securities• (IV) Share Capital and Debentures• (V) Acceptance of Deposits by Companies• (VI) Registration of Charges• (VII) Management and Administration• (IX) Accounts of Companies• (XV) Compromises, Arrangements and Amalgamations• (XVII) Registered Valuers• (XVIII) Removal of names of the companies from the register of companies• (XX) Winding-up of the companies• (XXVII) NCLT and NCLAT• (XXVIII) Special Courts• (XXIX) Punishments
b. The Limited Liability Partnership Act, 2008 • (Nature of LLP; Partners and their Relations; Limitation of Liability;
and Financial Disclosures)
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SUBJECT/ TOPICSSl No.
Weight (%)
SUBJECT/ TOPICS
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8SYLLABUS FOR EXAMINATION- 4 (7)
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(i) The Indian Contract Act, 1872,
(ii) The Partnership Act, 1932;
(iii) The Sale of Goods Act, 1930
(iv) The Transfer of Property Act, 1882;
(v) The Specific Relief Act, 1963; and
(vi) The Negotiable Instruments Act, 1881
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Sl No.Weight
(%)SUBJECT/ TOPICS
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(i) The Recovery of Debts due to Banks and Financial Institutions Act, 1993;
(ii) Securitization and Reconstructions of Financial Assets and Enforcement of
Security Interest Act,2002;
(iii) SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009;
(iv) SEBI (Delisting of Equity Shares) Regulations, 2009;
(v) SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;
(vi) SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015;
(vii) The Arbitration and Conciliation Act, 1996; and
(viii) The Limitation Act, 1963
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SYLLABUS FOR EXAMINATION- 5 (7)
Sl NoWeight
(%)SUBJECT/ TOPICS
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General Awareness:
(i) Constitution of India: Right to Constitutional Remedies; provisions of
Union Judiciary; provisions of High Courts in the States
(ii) Rights of Workmen under Labour Laws
(iii) Economy
(iv) Financial Markets
(v) Basic concepts of Valuation
(vi) Forensic Audit
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SYLLABUS FOR EXAMINATION- 6 (7)
6Finance and Accounts (Corporate Finance; Financial Analysis; Liquidity Management; Tax Planning and GST)
07
Sl No.Weight
(%)SUBJECT/ TOPICS
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11SYLLABUS FOR EXAMINATION- 7 (7)
SUBJECT/ TOPICS
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Case Analysis - on Corporate Insolvency Resolution and Liquidation.
Case Analysis - on Individual Insolvency Resolution and Bankruptcy.
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TOTAL 100
Note :- This syllabus will be valid for Limited Insolvency Examination w.e.f. from 1st July, 2019.
8Case Laws- Important Decisions of Supreme Court, High Courts, NCLT relating to Corporate Insolvency Resolution Process
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Sl No.Weight
(%)SUBJECT/ TOPICS
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SUBJECT/ TOPICS
PLANNING & STRATEGIES
20 20 26 7 6 8 7 6
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IBC
IBC
IBC
IBC
IBC
IBC
RR
RR
RR
RR
RR
RR
JP+CAC+CAI
JP+CAC+CAI
JP+CAC+CAI
JP+CAC+CAI
JP+CAC+CAI
FA
FA
FA
FA
GA
GA
GA
GA
CL
CL
CL
ICA
ICA
RB100
94
87
79
66
40
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11 questions
2-Marks each
MCQ
100 Marks
89 questions78 Questions
1 Mark each
EXAM STRUCTURE
60%PASSING MARKS
25%NEGATIVE MARKING
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ITEM 08
8.
EXAM STRUCTURE 15 of 21
IBC – Act20 x 1
Rules & Regulations 20 x 1
The Co Law & LLP8 x 1
Contracts7 x 1
RDDB/SERFESI/SEBI
6 x 1Finance & Accounts
7 x 1
General Awareness 6 x 1
Judicial Pronouncements
5 x 2
Case Analysis –Corporate
6 x 2
Case Analysis –Indl & Firms
4 x 1
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QB on IBC – ICAI
ICAI 1&2 Series
Judicial pronouncements
FAQ on IBC – ICAIInsolvency & Bankruptcy Code 2016
Rules
Regulations
Allied laws
REFERENCE BOOK, MATERIALS AND WEBSITES
Exams Practice
Private sessions/Private Books
III PI-ICAI Website
Online Test
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16IMPORTANT WEBSITES
1. ENROLLMENT -https://ibbi.gov.in/examination/view-examination/11
2. SYLLABUShttps://www.ibbi.gov.in/examination/syllabus4
3. EXAM PREPARATION -https://www.iiipicai.in/
4. EXAM REGISTRATION https://ibbiliexam.onlineregistrationform.org/IBBI/LoginAction_input.action
5. SAMPLE QUESTION PAPERhttps://www.ibbi.gov.in/examination/view-examination/11
6. IIIPI-ICAI, ICSI-IPA, IPAI-CMAIwww.iiipicai.in , www.icsiipa.com, www.ipaicmai.in
7. IBBI REGIATRATIONhttps://www.ibbi.gov.in/ips-register/pre-registration
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60+ marks
Answer Sure-shot
Time - JP/ Case study
50 : 50 No 50:50 – don’t even attempt
2 Hrs sufficient
2 Marks Questions Key
Practice test – online(time and correct answers)
TIPS - PLANNING & STRATEGIES
`
Review only doubtful ones.
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18EXAMINATION CONDITIONS
AT CENTRES
PHOTO IDENTITY
DECLARATION
NO BOOKS
HALL TICKET
PAPER AND PENCIL
ONLINE EXAMS
TWO HOURS
INSTANT RESULT
SYSTEM GENERATED QUESTIONS
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3PREPARE FOR
THE EXAM
5 DOWNLOAD HALL TICKET
6
PASS/FAIL
7 ENROLLMENT
WITH IPA
PROCEDURES & DOCUMENTATION -START TO FINISH
9REGISTER WITH IBBI
10INSOLVENCY
PROFESSIONAL
2ONLINE
REGISTRATION
1ELIGIBILITYCRITERIA
4BLOCK
THE SEAT
QUALIFIED INSOLVENCY PROFESSIONAL
8PREC
11AUTHORISATION FOR ASSIGNMENT
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• PHOTO
• PAN
• ADDRESS PROOF
• IDENTITY PROOF
• AADHAR CARD
• EDUCATIONAL QUALIFICATION
• PROFESSIONAL QUALIFICATION
• SOLVENCY EXAMINATION MARKS CARD
• ICAI MEMBERSHIP CARD
• ICAI MEMBERSHIP CERTIFICATE
• GST NO
• DIN
• ITR 3 YEARS
• LATEST CIBIL REPORT
• PASSPORT COPY
• ICAI COP
• IPA CERTIFICATE
• PREC CERTIFICIATE
• IBBI REGISTRATION
• AUTHORISATION FOR ASSIGNMENT
DOCUMENTATION REQUIRED START TO FINISH 20 of 21
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