The Insolvency and Bankruptcy Board (IBBI) of India on 23 November 2016 notified three sets of regulations- (Insolvency Professional) Regulations, 2016; Regulations inter alia provide for registration, Regulation and oversight of insolvency professionals.
●    These regulations were notified under the Insolvency and Bankruptcy Code, 2016 and will come into effect from 29 November 2016. 
●    Advocates, Chartered Accountants, Company Secretaries and Cost Accountants with 10 years’ of practice or employment.
●    A Graduate with 15 years of post-qualification managerial experience on passing the Limited Insolvency Examination.
●    Any individual who has passed the National Insolvency Examination.
●    However, Advocates, Chartered Accountants, Company Secretaries and Cost Accountants with more than 15 years of practice experience can register without any examination till 31 December 2016 and such registration shall be valid for a limited period of six months.

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