Feb
Reduction of the cooling-off period between two consecutive attempts in Limited Insolvency Examination and Valuation Examinations
IBBI conducts the Limited Insolvency Examination (LIE) under regulation 3 of the IBBI(Insolvency Professionals) Regulations 2016 and conducts valuation examination in terms of rule 5 of the Companies (Registered Valuers and Valuation) Rules, 2017. The said regulations and rule inter alia empower IBBI to determine the syllabus, format, and frequency of the examination including qualifying marks, to be published at least three months before the examination.
To improve the effectiveness of the exams, it has been decided to reduce the time between two consecutive attempts from 2 months to 21 days for both examinations
Stakeholders are advised to implement/ follow the above requirements in LIE and Valuation Examinations conducted/ attempted after the expiry of 3 months from the date of this circular.