IBBI amends Insolvency Professionals’ Regulations: Experience Requirement Doubled
The amendment specifically modifies Regulation 5(a), which now reads that an individual shall be eligible for registration if he “has passed the Limited Insolvency Examination within twenty-four months before the date of his application for enrolment with the insolvency professional agency”. This significant change provides candidates with a longer window to complete the registration process after passing the examination.
This change applies to individuals who are graduates and members of professional bodies such as the Institute of Chartered Accountants of India, Institute of Company Secretaries of India, Institute of Cost Accountants of India, or the Bar Council.
Previously, candidates were required to complete their application process within twelve (12) months of passing the examination. The extended validity period provides aspiring professionals with greater flexibility in completing other registration requirements, including the pre-registration educational course and professional membership enrolment.
Published On:
- July 23, 2025
Contributors:
- Abhishek Swaroop
- Shreya Chandhok
- Kirti Talreja
- Rounak Doshi
- Bharath Krishna