Who Is Eligible For Graduate Insolvency Programme ?
The Graduate Insolvency Programme (GIP) is a specialised course offered by the Indian Institute of Corporate Affairs (IICA) at its Manesar Campus. It is one of the most competitive exams specifically for the insolvency professionals as it admits only 52 candidates all over India. The eligibility for the GIP is restricted to individuals with an academic background in particular domains such as law, finance, economics, engineering, or management. Successful individuals are selected through a vigorous process of multiple-choice questions, group discussion and personal interview.
Graduate Insolvency Programme: Overview
| Organisation | Indian Institute of Corporate Affairs |
| Programme | Graduate Insolvency Programme 2024 |
| Total Seats | 52 |
| Category | Course Admission |
| Course conducted at | Indian Institute Of Corporate Affairs, Manesar |
| Application Mode | Online |
| Selection Process | Written Exam, Group Discussion, Personal Interview |
| Official website | http:/iica.nic.in/pgip |
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Graduate Insolvency Programme Apply Online
- Online registration of application is to submitted at https://ibpsonline.ibps.in/iicajan24/ , along with the required documents.
- Payment of the Application fee: INR 3000
- Selection of additional two centre (over and above 4 centres): INR 500
Eligibility Criteria
| Qualification | Chartered AccountantAdvocateCost AccountantCompany SecretaryB.E / B.TechPost-graduate with major subjects in Economics, Finance, Commerce Management and Insolvency(with aggregate 50% marks) |
| Experience | No requirement of any experience |
| Age | Should not be more than 28 years of age as on the last date of registration. |
Reservation Policy
| S. No | Category | % of Seats as per GIP Reservation Policy | No. of Students to be Admitted in Various Categories According to Total No. of Seats |
| 1 | SC | 15 | 8 |
| 2 | ST | 7.50 | 4 |
| 3 | PWD | 5 | 3 |
| 4 | OBC (Non-creamy) | 27 | 14 |
| 5 | EWS | 10 | 5 |
| 6 | Unreserved | 35.50 | 18 |
| Total No. of Seats: | 52 |
Process of Selection and Admission in GIP
- Eligible candidates will have to clear MCQs-Online.
- MCQ’s that are to be done online
- After the performance of the MCQs, the selected candidates move forward to the next step: the Group Discussion and t he Personal Interview is held under the supervision of observers, who are experts in the subject and members of the faculty.
Graduate Insolvency Programme 2023 Batch Size
At Indian Institute of Corporate Affairs (IICA), Manesar 52 candidates will be selected and the batch size for The National Law Institute University (NLIU), Bhopal is 40 students.
Syllabus
| S. No. | Name of Test | No. of Questions | Maximum Marks | Version | Duration |
| Objective Tests: | |||||
| 1 | Professional ethics | 20 | 20 | ||
| 2 | Legal Aptitude | 10 | 10 | ||
| 3 | Financial aptitude | 10 | 10 | ||
| 4 | General knowledge and current affairs | 15 | 15 | Only English | 70 minutes |
| 5 | Mathematics and basic statistics | 10 | 10 | ||
| 6 | Logical reasoning | 10 | 10 | ||
| 7 | English comprehension and communication skills | 10 | 10 | ||
| Descriptive test | |||||
| 8 | Domain knowledge | 05 | 15 | 20 minutes | |
| Total | 90 | 100 | 50 minutes |
- Assessment Test is conducted by: Institute of Banking Personnel Selection (IBPS)
- Multiple Choice Questions: 85 marks
- Descriptive Questions on Domain Knowledge: 15 marks
Graduate Insolvency Programme Fee Structure
| Tuition and Other Charges | ||
| S.No. | Fee Head | Amount (INR) |
| 1 | Tuition Fee | 8,85,452 |
| 2 | Library Fee | 45,200 |
| 3 | Internet Fee | 17,938 |
| 4 | IICA Miscellaneous Charges | 15,745 |
| Total of Tuition and Other Charges: | 9,64,335 | |
| Residence Charges | ||
| 1 | Hostel Fees | 1,84,800 |
| 2 | Food | 1,82,500 |
| 3 | Admission Charges | 18,365 |
| Total of Residence Charges: | 3,85,665 | |
| Total Fees | 13,50,000 |
Read related article : Corporate Bankruptcy: How It Works, What It Means for Investors
Conclusion
The Graduate Insolvency Programme offered by the IICA provides an excellent programme for prospective insolvency professionals to advance expertise in insolvency and bankruptcy(IBC) field. With its eligibility requirements, comprehensive selection procedure, this programme ensures that only the most qualified candidates are selected. The curriculum conveys specialised knowledge, the skills required, and the abilities to handle the difficulties of this field.