The Insolvency and Bankruptcy Board of India ( IBBI ) has published the syllabus, format etc. of the Limited Insolvency Examination (Examination) under regulation 3(3) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016 for the examination to be conducted from 1st July, 2019. This syllabus will be valid for Limited Insolvency Examination w.e.f. from 1st July, 2019.
The format of Examination is as under: (a) The Examination will be conducted online (computer-based in a proctored environment) with objective multiple-choice questions. (b) The duration of the Examination will be two hours. (c) A candidate will be required to answer 89 questions in two hours for a total of 100 marks. (d) There will be a negative marking of 25% of the marks assigned for the question. (e) Passing mark for the Examination is 60%. (f) Passing candidates will be awarded a certificate by the Board. (g) A candidate will be issued a temporary mark sheet on submission of Examination paper. (h) No workbook or study material will be provided.
The Examination centres are available at various locations across the country. According to the statement issued by the Board, the candidate needs to enrol and register at IBBI website i.e. www.ibbi.gov.in for Examination by choosing the time, the day and the Examination centre for his Examination. A candidate needs to pay Examination fee of Rs.1500/- (One thousand five hundred rupees only) online on every enrolment.
Source: Tax Scan, April 31,2019