As per the revised framework, IPs should full a minimal of 30 credit score hours of CPE each calendar yr, besides within the yr of their registration.
The amendments prescribe that a minimum of 40 per cent of complete CPE credit be obtained by way of in-person programmes in 2026, rising to 50 per cent in 2027 and 60 per cent from 2028 onwards.
The duty will apply even when an “IP will undertake CPE even when his registration is suspended, or he has ceased to have an authorisation for project”.
CPE credit might be earned by way of numerous actions reminiscent of workshops, conferences, seminars, coaching programmes, refresher programs, certificates programmes, conventions, and symposia organised by IBBI, Insolvency Skilled Businesses (IPAs) or different accepted our bodies.
Further credit could also be obtained by publishing articles, delivering lectures, authoring books, or finishing greater educational {qualifications} in related areas.The rules additionally mandate prior approval from the respective IPA earlier than enrolling in CPE programmes carried out by entities aside from IBBI or IPAs. IPAs have been directed to course of such approvals diligently and in a time-bound method.
The Insolvency and Chapter Board of India (IBBI), a key establishment in implementing the Insolvency and Chapter Code, comes below the Ministry of Company Affairs.
