IBBI Securities & Financial Assets
IBBI Limited Insolvency Examination
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ExploreAbout this exam
The Limited Insolvency Examination (LIE) is the qualifying examination administered under the framework of the Insolvency and Bankruptcy Board of India (IBBI), the statutory regulator established under the Insolvency and Bankruptcy Code, 2016. The exam is intended for professionals who wish to demonstrate command of India's insolvency regime - typically candidates working toward registration as insolvency professionals, and practitioners such as chartered accountants, company secretaries, cost accountants, lawyers and management graduates who advise on or participate in insolvency proceedings. The syllabus is built around the Insolvency and Bankruptcy Code, 2016 and the regulations, rules, circulars and notifications issued under it, together with related judicial and regulatory developments. Because the Board periodically revises the syllabus, candidates should confirm the syllabus version currently in force before planning study. A sound preparation strategy is to read the Code and each set of regulations in the original, then work through amendments, circulars and discussion papers in date order, and finally test recall with scenario-based questions that require applying time limits, thresholds and procedural steps rather than merely recognising definitions. Note that this page is an independent study resource; it is not affiliated with, endorsed by, or operated by IBBI, and official details should always be verified on the Board's website.
What you'll study
About IBBI Securities & Financial Assets preparation
Who publishes the syllabus and how do I know which version applies?
IBBI publishes the syllabus for the Limited Insolvency Examination on its website. The Board has announced a syllabus with effect from 01st October 2026. Always check the IBBI site for the version currently in force before you build a study plan, since older study material may reflect superseded provisions.
What does the exam actually test?
The syllabus is centred on the Insolvency and Bankruptcy Code, 2016 and the regulations, rules, circulars and notifications made under it. Expect questions that require applying procedural steps, thresholds and timelines to a fact pattern rather than simply recalling definitions, so practise scenario-based reasoning.
How should I sequence my preparation?
Start with the bare Code, then read each set of regulations in the original. Next, work through amendments, circulars and discussion papers in date order so you understand what changed and why. Finish with timed practice on application-style questions. This order prevents you from memorising provisions that have since been amended.
What are the most common reasons candidates lose marks?
Two failures dominate: relying on outdated figures or timelines from older guides, and answering from general commercial intuition instead of the statutory text. A third is shallow coverage - reading summaries without opening the regulations. Treat the current Code text and IBBI circulars as your primary source and verify every number against them.
Where can I find official information about format, fees and results?
Only on the IBBI website, under the Limited Insolvency Examination section. This page does not reproduce those administrative details because they change and must be verified at source. Do not rely on coaching material or third-party summaries for eligibility, fee or result information.
Is this page an official IBBI resource?
No. This is an independent study page written for candidates searching for guidance on the examination. It is not affiliated with, endorsed by or operated by the Insolvency and Bankruptcy Board of India. All official announcements, syllabus documents and examination notices should be read directly on the Board's website.
How current is the legal material I should study?
Recent IBBI updates include amendment regulations across the corporate resolution, liquidation, pre-packaged, voluntary liquidation and personal guarantor frameworks, plus circulars on valuation standards and formats. Study material should reflect these developments; anything predating them should be treated as background only.