About the Insolvency and Bankruptcy Board of India
The Insolvency and Bankruptcy Board of India is the regulator for overseeing insolvency proceedings and entities like Insolvency Professional Agencies, Insolvency Professionals, and Information Utilities in India.
It was established on 1 October 2016 and given statutory powers through the Insolvency and Bankruptcy Code, which was passed by Lok Sabha on 5 May 2016. It covers Individuals, Companies, Limited Liability Partnerships and Partnership firms. The new code will speed up the resolution process for stressed assets in the country. It attempts to simplify the process of insolvency and bankruptcy proceedings. It handles the cases using two tribunals like NCLT (National company law tribunal) and Debt recovery tribunal.
Number of Positions
- Law: 6
- Economics/Public Policy: 2
Eligibility
Law: Essential Qualifications
- LL. B or equivalent from a recognized University and/or Institute, and
- Qualified to be registered as an Advocate in any State Bar Council of India in terms of Advocate’s Act, 1961.
Desired Qualification
- Consistent high academic performance;
- LL. M. / Doctoral degree from a reputed University / Institution in Law or a closely related area;
- Degree / Diploma / Certification in Regulatory Law
Economics/Public Policy: Essential Qualifications
Post Graduate degree in Economics or Public Policy from a recognized University or Institution.
Desired Qualification
- Consistent high academic performance;
- Doctoral degree from a reputed University / Institution in Economics or a closely related area;
- Degree / Diploma / Certification in Regulatory Economics.
Duration
Research Associates are initially required for a period of one year which can be further extended at best by one year as per requirements of the Board and subject to satisfactory performance.
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