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Insolvency and Bankruptcy Board (IBBI) of India notifies (Insolvency Professional) Regulations 2016; Regulations inter alia provide for registration regulation and oversight of insolvency professionals under the Code; These regulations to come into effect from 29th November 2016

News and Press Release - Dated:- 24-11-2016 - The Insolvency and Bankruptcy Board of India (IBBI), in exercise of its powers conferred under Section 240 of the Insolvency and Bankruptcy Code, 2016 (Code), has notified the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016. These regulations inter alia provide for registration, regulation and oversight of insolvency professionals under the Code. These Regulations shall come into effect from 29th November, 2016. .....

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and Cost Accountants with more than 15 years of practice experience may seek registration, without any examination. But applications for such registration need to be made till 31st December, 2016 and such registration shall be valid for a limited period of six months. There shall be a National Insolvency Examination the details of which will be specified through regulations. There shall also be Limited Insolvency Examination . The syllabus, format and frequency of the Limited Insolvency Examinat .....

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