Online Certificate Course in Insolvency & Bankruptcy Code
Description About Insolvency and Bankruptcy Code:
Insolvency and Bankruptcy Code, 2016 is the biggest insolvency reform that proposes a timebound process for resolving insolvency. The Code merges the earlier framework by nullifying the Presidency Towns Insolvency Act, of 1909, and the Provincial Insolvency Act, of 1920. In addition, it amends 11 laws including the Companies Act, of 2013, the DRT Act, of 1993, and the SARFAESI Act, of 2002.
The Code specifies a framework for time-bound insolvency resolution, with two similar processes:
- Individuals and partnership firms.
- Companies and limited liability partnerships (liability of partners restricted to their investment), and
The Code proposes two authorities to:
- Evaluate applications for initiating insolvency proceedings
- Approve the appointment of insolvency professionals
- Approve resolution plans
This authority are National Company Law Tribunal (NCLT): which judges cases for companies and limited liability partnerships. Appeals against its orders will be heard by the National Company Law Appellate Tribunal.
Debt Recovery Tribunal (DRT):Judge cases for individuals and partnership firms. Appeals against its orders will be heard by the Debt Recovery Appellate Tribunal. This Insolvency & Bankruptcy course covers the essentials of the insolvency and bankruptcy code, the framework, processes and definitions in an extremely simple and digestible language along with the latest amendments to educate every insolvency and bankruptcy practitioner to learn the nitty-gritty involved in the Code, how corporate insolvency resolution process works and understand the concept of debt in depth.
This online Insolvency and Bankruptcy certificate course is extremely beneficial for:
- IBC practitioners: IBC Practitioners: By giving them a thorough understanding of the IBC, this course helps them become more knowledgeable and better equipped to manage insolvency situations.
- Charter accountants: Considering the IBC impacts financial reporting, auditing, and consulting services pertaining to troubled enterprises, it is essential for chartered accountants to understand it.
- Law students: This course broadens their knowledge and career prospects in the legal profession by offering insightful information about a specialised area of law.
- Corporate: By learning about their rights and responsibilities under the IBC, reducing the risk of insolvency, and making wise choices in times of financial difficulty, businesses may gain from this course.
- Entrepreneurs: By being aware of the legal framework pertaining to company failures, entrepreneurs may better anticipate problems and increase their chances of success.
- Bankers: : Banks and other financial institutions are significantly impacted by the IBC. Bankers who take this course are better able to make educated credit choices and comprehend their role in insolvency processes.
- Homebuyers: It might be beneficial for homeowners to comprehend the IBC if they are having problems with builders or developers who could be experiencing financial difficulties.
- Insolvency professionals: Professionals working in insolvency might benefit from this course by keeping abreast of the most recent legal and regulatory changes in the industry. It can raise their general professional status and improve their abilities in communication, negotiation, and valuation.
This online certification course on Insolvency & Bankruptcy Code is considerate for all professionals from the following fields:
- Banking:
- Loan Recovery: The IBC provides a framework for banks to recover loans from defaulting borrowers. This course equips bank professionals with the knowledge to navigate the IBC process, understand their rights and obligations, and effectively recover loans.
- Risk Assessment: Understanding the IBC helps banks better assess the creditworthiness of borrowers and mitigate risks associated with potential defaults.
- Compliance: The course ensures bank employees are well-versed in the legal and regulatory aspects of the IBC, ensuring compliance with all relevant laws.
- Real Estate
- Debt Resolution: The IBC has significant implications for real estate developers facing financial distress. This course provides valuable insights into the IBC process, enabling real estate professionals to understand their rights and options in case of insolvency.
- Project Viability: Understanding the IBC helps real estate professionals assess the financial viability of projects and identify potential risks.
- Legal Compliance: The course ensures compliance with the IBC regulations related to real estate projects.
- Insurance
- Risk Assessment: The IBC impacts insurance companies by potentially affecting the financial stability of their clients (e.g., borrowers, businesses). This course helps insurance professionals understand these risks and adjust their underwriting and claims processes accordingly.
- Legal and Regulatory Compliance: The course ensures compliance with the IBC regulations relevant to the insurance sector.
- Finance
- Financial Restructuring: The IBC provides a framework for financial restructuring of distressed companies. This course equips finance professionals with the knowledge to advise companies and creditors on the best course of action during insolvency proceedings.
- Investment Decisions: Understanding the IBC helps financial professionals make informed investment decisions by assessing the potential risks and rewards associated with distressed companies.
- Risk Management: The course enhances risk management capabilities by providing insights into the potential impact of insolvency on financial markets and investments.
- Legal
- Legal Practice: The IBC has created a new area of legal practice. This course provides legal professionals with the in-depth knowledge required to represent clients (debtors, creditors, etc.) in IBC proceedings.
- Legal Advice: The course enables legal professionals to provide sound legal advice to clients on matters related to insolvency and bankruptcy.
- Legal Research: The course enhances legal research and analysis skills in the context of the IBC.
This course delivers the practical importance of the code that trains lawyers and other professionals to make their practices effective. This course comprises video lectures along with PDF notes.
What is unique about this online certificate course on Insolvency & Bankruptcy Code 2016?
- The course covers more than just the statute and related case laws, provision by provision.
- It teaches you how to do many real-world tasks that attorneys and other professionals must complete.
- There will be practical lessons and a lot of document drafting involved, rather than just academic study.
- The course is challenging and demanding; if you fail to complete all the activities, you won't receive your certificate. This course requires eight to ten hours of your time each week.
- The trainer will give you specific attention and guidance, as well as remarks on the standard of the job you do.
- Students who do well in class will be referred to prominent Indian law firms for internships and jobs.
Who should take this online Insolvency Bankruptcy Code certification course?
- NBFC officers and bankers in charge of business choices and recovery
- Those who are considering taking LP tests and becoming limited insolvency professionals
- Lawyers wishing to focus on bankruptcy or money recovery
- Advocates hoping to establish a business litigation practice
- Law students hoping to join in-house legal teams in big businesses or commercial litigation teams in corporate law firms
- Students studying law who want to work in banking
- Lawyers employed in industries with high debt levels, such as manufacturing and real estate
- Advocates employed by internet and e-commerce firms with significant outstanding debts (Amazon, Flipkart, etc.)
- Homebuyers who owe builders a lot of money
Jobs & Career Opportunities after doing this online certification course in Insolvency & Bankruptcy Code:
- A practising chartered accountant has the following role under the Insolvency and Bankruptcy code
- Insolvency Professional
- Registered valuer
- Appear before NCLT on behalf of the applicant (creditor) or defendant (corporate debtor)
- Taking up forensic audit for corporate debtor
- Support in maintaining accounting, finance and taxation records of corporate debtor
- Bringing a viable resolution plan as a resolution applicant
- Support in the process of making a resolution plan
- Can conduct classes/seminars on the code
- Publish reference on the code
- Bankruptcy Lawyer
- Government Representative
- Legal Advisor
- Judge
- Finance Expert
- Professor
- Legal Representative
Other important information about this Online Insolvency & Bankruptcy Code Course:
- Maximum Duration to complete the Course: 3-Months
- Course Fees: RS. 10,000/- (Several Payment Options Available: Credit & Debit Cards, Cheque, Demand Draft, Cash, Wire Transfer – NEFT, PAYTM)
- Online Evaluation Method: Based on “Multiple Choice Questions (MCQs)” and an “Assignment Submission” of 500 words.
- The score of the online examination will be taken as the final result and the grades will be assigned as per the following scheme: Grade A – 80-100, Grade B – 65-79, Grade C – 50-64, Reattempt – Below 50
- Next Batch: Each IALM course starts immediately after payment. Students can register online for the course at any time. Upon payment of fees and registration, the present Course will start immediately.
.png)
.jpg)
.jpg)
.png)
Launch your Graphy