IBBI Shortens Cooling-off Period Between Two Consecutive Attempts in Limited Insolvency Exam & Valuation Examinations
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- By Taxmann
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- Last Updated on 22 January, 2024
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Circular. No. IBBI/EXAM/63/2024
The IBBI conducts the Limited Insolvency Examination (LIE) in pursuance of Regulation 3 of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. These regulations also empower IBBI to determine the syllabus, format, qualifying marks and frequency of the examination, to be published at least three months before the examination.
Further, IBBI is also empowered to conduct Valuation Examinations. Now, in order to improve the effectiveness of the exams, the IBBI has decided to reduce the time period between two consecutive attempts from 2 months to 21 days for LIE and the Valuation Examinations. This adjustment would provide candidates with greater flexibility and opportunities to improve, thereby establishing a more dynamic and responsive examination system.
Click Here To Read The Full Circular
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