Syllabus, format of Limited Insolvency Examination under IBBI Regulations, from 1st July 2019

(i) The Companies Act, 2013

Chapter III – Prospectus and Allotment of Securities
Chapter IV – Share Capital and Debentures
Chapter V – Acceptance of Deposits by Companies
Chapter VI – Registration of Charges
Chapter VII – Management and Administration
Chapter IX – Accounts of Companies
Chapter XV – Compromises, Arrangements and Amalgamations
Chapter XVII – Registered Valuers
Chapter XVIII – Removal of names of the companies from the register of companies
Chapter XX – Winding-up of the companies
Chapter XXVII – NCLT and NCLAT
Chapter XXVIII – Special Courts
Chapter XXIX – Punishments

(ii) The Limited Liability Partnership Act, 2008 (Nature of LLP; Partners and their Relations; Limitation of Liability; and Financial Disclosures)

(i) The Indian Contract Act, 1872 (Of Contracts, Voidable Contracts and Void Agreement; Contingent Contracts; Performance of Contract; Novation, Rescission and Alteration of Contracts; Agency; Consequences of breach of Contract; Indemnity and Guarantee; Surety; Bailment and Pledge; Set off);

(ii) The Partnership Act, 1932;

(iii) The Sale of Goods Act, 1930 (Sale, Condition and Warranty, Seller’s Lien and Damages);

(iv) The Transfer of Property Act, 1882;

(v) The Specific Relief Act, 1963; and

(vi) The Negotiable Instruments Act, 1881

(i) The Recovery of Debts due to Banks and Financial Institutions Act, 1993;

(ii) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests Act, 2002;

(iii) Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009;

(iv) Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009;

(v) Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011;

(vi) Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015;

(vii) The Arbitration and Conciliation Act, 1996; and

(viii) The Limitation Act, 1963

Finance and Accounts (Corporate Finance; Financial Analysis; Liquidity Management; Tax Planning and GST)

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; and

(vi) Forensic Audit

Case Laws- Important Decisions of Supreme Court and High Courts, Decisions of NCLAT and NCLT relating to Corporate Insolvency Resolution, Corporate Liquidation, Voluntary Liquidation and Fast Track Resolution Process. There will be five questions carrying two marks each. (List of cases given in Annexure) 

Case Analysis on Corporate Insolvency Resolution and Liquidation. There will be one comprehension narrating a case and there will be six questions based on the case carrying two marks each.

Case Analysis on Individual Insolvency Resolution and Bankruptcy. There will be one comprehension narrating a case and there will be four questions based on the case carrying one marks each.

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