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IBBI prescribes CPE requirement for Insolvency Professionals

Posted Date : 08-Aug-2019 , 08:36:49 am | Posted By CASANSAAR print Print

CPE Requirements.

(a) An IP shall undertake a minimum of 10 credit hours of CPE each calendar year and a minimum of 60 credit hours of CPE in each rolling block of three calendar years:

Provided that an IP is not required to undertake any CPE in the calendar year in which he is registered.
 

Illustration


An IP registered on 30th June, 2019 shall undertake CPE for at least-

(i) 10 credit hours in each calendar year, namely, 2020, 2021, 2022, 2023 and so on; and

(ii) 60 credit hours in each rolling block of three calendar years, namely, 2020-2022, 2021-2023, 2022-2024 and so on.

Clarification 1


An IP shall undertake CPE even when his registration is suspended, or he has ceased to have an authorisation for assignment.

Clarification 2


The minimum CPE of 10 hours may be exempted by the IPA for a year on application by the IP, provided that the IP undertakes a minimum of 60 hours in every rolling block of three years.

(b) An IP, whose registration is suspended or who ceased to have an authorisation for assignment, shall undertake the backlog of CPE hours before he seeks revival of registration or authorisation for assignment, as the case may be, if he has not undertaken CPE in accordance with (a) above.
 

Illustration


An IP ceased to have an authorisation for assignment on 15th January, 2020. He seeks authorisation for assignment on 16th November, 2027. He has not undertaken any CPE during 2020-2027. He shall undertake CPE for such hours as he would have done had he continued to have authorisation for assignment.

(c) Within seven days of completion of a learning activity, an IP shall submit such details of learning activity and credit hours earned by him, as may be required by his IPA.

(d) The IPA shall take note of the credit hours earned by an IP, on being satisfied that the IP has earned credit hours in accordance with the Guidelines.


6. Learning activities.

(a) An IP may earn credit hours from the learning activities in two ways:

(i) By participation in learning activities offered by the Board, an IPA, a Registered Valuer Organisation, a statutory professional institute, a university or any other entity, as may be approved by the Board from time to time; or

(ii) By publishing articles / delivering lectures, in the areas relevant for IPs, an indicative list of which is at Schedule to these Guidelines.

(c) The following is an indicative format of learning activities in areas relevant for IPs and credit hours thereof:

Sl. No. Learning Activity in the areas relevant for IPs Credit hours
1 Workshops, Conferences, Seminars, Training Programmes, Refresher Programmes, Certificate
Courses, Conventions and Symposia and the like		 Half day: Two hours Full day: Four hours
2 Acting as faculty in any of the activities in Sl. No. 1 Equivalent to the duration of the activity
3 Publication of article in any national newspaper Four hours
4 Publication of article in a journal of the Board, an IPA, a RVO, a Professional Institute, or a referred national or international journal Eight hours
5 Publication of a Book Thirty hours in the year of publication
6 Completing a two-year Post-Graduation Course Twenty hours in the year of completion
7 Completing Ph. D. Forty hours in the year of conferment of Ph.D.
8 Pass in Limited Insolvency Examination Forty hours in the year of passing
9 Pass in Valuation Examination of an asset Class Twenty hours in the year of passing

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