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Overview

Insolvency and Bankruptcy Board of India (IBBI) Registration.

The Insolvency and Bankruptcy Board of India (IBBI) is a regulatory body established under the Insolvency and Bankruptcy Code (IBC), 2016, to oversee insolvency resolution, liquidation, and bankruptcy processes in India. IBBI registration is required for professionals, entities, and institutions involved in insolvency practices, such as Insolvency Professionals (IPs), Insolvency Professional Entities (IPEs), and Information Utilities (IUs). The registration ensures adherence to legal frameworks, enhances transparency, and maintains ethical standards in insolvency and bankruptcy proceedings.

Importance

1. Mandatory for Professionals : Required to act as licensed insolvency professionals or entities.

2. Compliance with IBC : Ensures adherence to the Insolvency and Bankruptcy Code, 2016.

3. Market Credibility : Establishes trust and professionalism in insolvency-related roles.

4. Access to Insolvency Processes : Enables participation in CIRP (Corporate Insolvency Resolution Process), liquidation, and bankruptcy.

5. Regulatory Oversight : Ensures accountability and prevents malpractices.


Documents Required

For Insolvency Professionals (IPs)


For Insolvency Professional Entities (IPEs)


For Information Utilities (IUs)



Features

Features & Benefits of Insolvency and Bankruptcy Board of India (IBBI) Registration.

Category-Specific Registration
Different pathways for IPs, IPEs, and IUs.
Prev Next
Limited Insolvency Examination
Mandatory for individual professionals before registration.
Prev Next
Membership with IPA
Required for insolvency professionals as a prerequisite.
Prev Next
Ethical Standards Compliance
Adherence to IBBI’s Code of Conduct for registered members.
Prev Next
Periodic Renewal
Registration validity requires periodic compliance updates.
Prev Next

IBBA Registration

Net Worth Criteria
Applicable for entities like IPEs and IUs to ensure financial stability.
Prev Next
Scope of Operations
Participation in resolution, liquidation, or bankruptcy proceedings under IBC.
Prev Next
Data Management for IUs
Information utilities maintain and process debtor-creditor data.
Prev Next
Regulatory Framework
Ensures transparency and accountability in insolvency processes.
Prev Next
Penalties for Non-Compliance
Heavy fines or cancellation of licenses for violations.
Prev Next


Comparison with Related Service

Feature IBBI Registration (IP) CA Membership (ICAI) SEBI Registration
Purpose Insolvency resolution services Chartered Accountancy Practice Securities market regulation
Regulating Authority IBBI ICAI SEBI
Applicability Insolvency professionals/entities Chartered Accountants Stockbrokers, Advisors
Mandatory Exam Limited Insolvency Exam CA Final SEBI Certification Exam
Renewal Requirement Yes No Yes


Frequently Asked Questions

Who needs IBBI registration?

Individuals or entities acting as insolvency professionals, insolvency entities, or information utilities under the IBC framework.

What qualifications are required for insolvency professionals?

CA, CS, CMA, legal degree, or other qualifications recognized by IBBI, along with passing the Limited Insolvency Examination.

What is the validity of IBBI registration?

No Registration is subject to compliance and periodic renewal, as specified by IBBI.

Can an individual directly apply for IBBI registration?

No, individuals must first obtain membership with a recognized IPA.

Are entities like partnerships eligible for IPE registration?

Yes, partnerships or LLPs with at least three registered insolvency professionals can apply.

What is the role of an Information Utility (IU)?

IUs collect, validate, and store financial information, facilitating transparency in insolvency processes.

IBBA

Overview

Insolvency and Bankruptcy Board of India (IBBI) Registration.

The Insolvency and Bankruptcy Board of India (IBBI) is a regulatory body established under the Insolvency and Bankruptcy Code (IBC), 2016, to oversee insolvency resolution, liquidation, and bankruptcy processes in India. IBBI registration is required for professionals, entities, and institutions involved in insolvency practices, such as Insolvency Professionals (IPs), Insolvency Professional Entities (IPEs), and Information Utilities (IUs). The registration ensures adherence to legal frameworks, enhances transparency, and maintains ethical standards in insolvency and bankruptcy proceedings.

Importance

1. Mandatory for Professionals : Required to act as licensed insolvency professionals or entities.

2. Compliance with IBC : Ensures adherence to the Insolvency and Bankruptcy Code, 2016.

3. Market Credibility : Establishes trust and professionalism in insolvency-related roles.

4. Access to Insolvency Processes : Enables participation in CIRP (Corporate Insolvency Resolution Process), liquidation, and bankruptcy.

5. Regulatory Oversight : Ensures accountability and prevents malpractices.


Documents Required

For Insolvency Professionals (IPs)


For Insolvency Professional Entities (IPEs)


For Information Utilities (IUs)



Features

Features & Benefits of Insolvency and Bankruptcy Board of India (IBBI) Registration.

Category-Specific Registration

Different pathways for IPs, IPEs, and IUs.

Limited Insolvency Examination

Mandatory for individual professionals before registration.

Membership with IPA

Required for insolvency professionals as a prerequisite.

Ethical Standards Compliance

Adherence to IBBI’s Code of Conduct for registered members.

Periodic Renewal

Registration validity requires periodic compliance updates.

Net Worth Criteria

Applicable for entities like IPEs and IUs to ensure financial stability.

Scope of Operations

Participation in resolution, liquidation, or bankruptcy proceedings under IBC.

Data Management for IUs

Information utilities maintain and process debtor-creditor data.

Regulatory Framework

Ensures transparency and accountability in insolvency processes.

Penalties for Non-Compliance

Heavy fines or cancellation of licenses for violations.



Comparison with Related Service

Feature IBBI Registration (IP) CA Membership (ICAI) SEBI Registration
Purpose Insolvency resolution services Chartered Accountancy Practice Securities market regulation
Regulating Authority IBBI ICAI SEBI
Applicability Insolvency professionals/entities Chartered Accountants Stockbrokers, Advisors
Mandatory Exam Limited Insolvency Exam CA Final SEBI Certification Exam
Renewal Requirement Yes No Yes


Frequently Asked Questions

Who needs IBBI registration?

Individuals or entities acting as insolvency professionals, insolvency entities, or information utilities under the IBC framework.

What qualifications are required for insolvency professionals?

CA, CS, CMA, legal degree, or other qualifications recognized by IBBI, along with passing the Limited Insolvency Examination.

What is the validity of IBBI registration?

No Registration is subject to compliance and periodic renewal, as specified by IBBI.

Can an individual directly apply for IBBI registration?

No, individuals must first obtain membership with a recognized IPA.

Are entities like partnerships eligible for IPE registration?

Yes, partnerships or LLPs with at least three registered insolvency professionals can apply.

What is the role of an Information Utility (IU)?

IUs collect, validate, and store financial information, facilitating transparency in insolvency processes.

Related Services