Admission Notification: NLU Bhopal Launches Two-Year Graduate Insolvency Programme (GIP) [Apply Now]

A GIP graduate will be eligible for registration as IP after qualifying the Limited Insolvency Examination. Otherwise, for registration as IP after taking Limited Insolvency Examination, a person is required to have at least ten years' experience as CA, CS, Cost Accountant, and/or Advocate or 15 years' experience in management. A GIP graduate, therefore, saves 10 or 15 years to become IP.

The Chairpersons of IBBI, Dr. M. S. Sahoo, had observed that 'the Graduate Insolvency Program is aimed at tapping the potential of young aspirants who have the dynamism and ability to excel in the field of insolvency resolution. A student who completes the GIP will be eligible for registration as an insolvency professional without having to wait to acquire the minimum 10 years' experience as required by the code at present'.

The Graduate Insolvency Program is the first of its kind for those aspiring to take up insolvency profession as a career in India and abroad and will benefit at entry level and in career growth. GIP would also provide opportunities to serve as in-house counsels or advisors to stakeholders in insolvency, liquidation, bankruptcy or turnaround processes. GIP will be of great value to those who opt to become teachers or researchers or work in media houses.

The GIP is a 24 months program, comprising of the following: (a) An intensive residential classroom program of 12 months; and (b) A hands-on internship program at the cutting edge of the practice for 12 months.

Eligibility Qualification

· Chartered Accountant / Cost Accountant / Company Secretary / Advocate

· B. A. LL. B (Hons.)/ LL. B with aggregate 50% marks

· B.E. / B.Tech. with aggregate 50% marks

· Post- Post-graduate with major subjects, either in Economics, Finance, Commerce, Management and Insolvency with aggregate 50% marks

Upper age limit for eligibility of admission shall be as under:

· In case of General Category Candidates: 28 Years as on 10 October 2021;

· In case of SC/ST/PWD Category Candidates 33 Years as on 10 October 2021;

· In case of OBC (non-creamy layer) Category Candidates 31 Years as on 10 October 2021;

Admission Process

(i) Application shall be submitted online only, please visit https://www.nliu.ac.in/ for submitting the online Application.

(ii) Application Fee payable is Rs. 3000/-. It is non-refundable. Application Fee shall be paid only through online mode by following the process prescribed at www.nliu.ac.in: Admission-2021: "process to deposit fee online".

(iii) Candidates may submit their preference of test centre in three cities.

Pattern of Entrance Test and Selection Process

(i) Entrance Question Paper shall have both multiple-choice questions and descriptive questions.

(ii) The test will be consisting of a question paper comprising of two sections. Section-I consisting of 50 multiple choice objective type questions (Four options with single correct answer) in English. It would carry one mark for each correct answer. Section-II consisting of 5 subjective type questions requiring written answers.

(iii) Graduate Insolvency Program Common Entrance 2021 (GIPCET) will have questions from eight areas – Knowledge in the domain of Insolvency and bankruptcy, Current Affairs including General Knowledge, Legal Aptitude, Financial Aptitude, Logical Reasoning, General English, Numerical Ability and Ethics.

(iv) The maximum time allotted shall be 90 minutes for GIPCET – 2021.

(v) Based on the merit in the GIPCET, a Group Discussion shall be held under the oversight of observers who are experts in subject and members of faculty.

(vi) Based on the merit in the GIPCET and performance in the Group Discussion shortlisted candidates will be invited for Personal Interview.

Interested candidates may fill the application form online at: https://admission.nliu.ac.in/ on or before 10 October, 2021.

The GIPCET-2021 (Graduate Insolvency Programme Common Entrance Test) is scheduled on 1 November, 2021.

Should you have any query, please do write to us at gip@nliu.ac.in or call us at +91 9522559775 / 76.