2.6.5:Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017
5. Qualifications, experience and remuneration.
(1) The eligibility for Research Associates and Consultantsfor different disciplines shall be as given in
Provided that the Board may also engage Research Associates and Consultantsfrom any other discipline as deemed necessary to assist the Board in the discharge of its functions under the Code.
(2) Depending upon the experience in respective discipline, a person shall be engaged as Research Associate or Consultant in one of five levels given in
(3) The Research Associates and Consultants of different levels shall be paid a consolidated remuneration in accordance with
the Chairperson may amend the consolidated remuneration given in Schedule II for reasons to be recorded in writing.
(4) A Research Associate or Consultant shall not be entitled to any other compensation or facility in any form except an annual leave of 12 days.
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Inserted vide Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants)
(Amendment) Regulations, 2022 dated 01.06.2022. To view the notification, Click Here
(Amendment) Regulations, 2022 dated 01.06.2022. To view the notification, Click Here
Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) (Amendment) Regulations, 2022 dated 01.06.2022
The Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) (Amendment) Regulations, 2019 dated 23.07.2019
Schedule I-Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017
| Discipline of Research Associate / Consultant | Qualifications - Essential | Qualifications - Desirable |
| (1) | (2) | (3) |
| a. Economics / Public Policy | Post Graduate degree in Economics or Public Policy from a recognised University or Institution. | (a) Consistent high academic performance; (b) Doctoral degree from a reputed University or Institution in Economics or a closely related area; (c) Degree / Diploma / Certification in Regulatory / Business Law / Economics. |
| b. Law | (i) LL. B or equivalent from a recognised University or Institution, and (ii) Qualified to be enrolled as an Advocate in a Bar Council constituted under the Advocate’s Act, 1961 (25 of 1961). | (a) Consistent high academic performance; (b) LL. M. / Doctoral degree from a reputed University or Institution in Law or a closely related area; (c) Degree / Diploma / Certification in Regulatory / Business Law / Economics. |
| c. Business Management | Post graduate degree / Post graduate diploma / Master of Business Management from a recognised University or Institute / A Member of the Institute of Chartered Accountants of India / A Member of Institute of Cost Accountants of India / A Member of Institute of Company Secretaries of India. | (a) More than one of the qualifications mentioned in the essential column; (b) Consistent high academic performance; (c) Doctoral degree from a reputed University / Institution in law / management / accounts/ finance / a closely related area; (d) Degree / Diploma / Certification in Regulatory / Business Law / Economics. |
| d. Insolvency | (i) Qualifications and experience as required under regulation 5(c) of the Insolvency and Bankruptcy Board of India (Insolvency Professionals) Regulations, 2016; and (ii) Pass in the Limited Insolvency Examination. | (a) Consistent high academic performance; (b) Degree / Diploma / Certification in Regulatory / Business Law / Economics; (c) Experience as an insolvency professional. |
| e. Valuation | (i) Qualification and experience as required under rule 4 of the Companies (Registered Valuers and Valuation) Rules, 2017; and (ii) Pass in the Valuation Examination of the relevant asset class (Land and Building / Plant and Machinery / Securities or Financial Assets) | (a) Consistent high academic performance; (b) Degree / Diploma / Certification in Regulatory / Business Law / Economics; (b) Experience as a registered valuer of the relevant asset class. |
Associate or Consultant | ||
(b) Doctoral degree from a reputed University / Institution in Economics or a closely related area; (c) Degree / Diploma / Certification in Regulatory Economics. |
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recognized University and/or Institute, and (ii) Qualified to be registered as an Advocate in any State Bar Council of India in terms of Advocate’s Act, 1961. | (b) LL. M. / Doctoral degree from a reputed University / Institution in Law or a closely related area; (c) Degree / Diploma / Certification in Regulatory Law. |
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from a recognized University or Institute / A Member of the Institute of Chartered Accountants of India / A Member of Institute of Cost accountants of India / A Member of Institute of Company Secretaries of India. | mentioned in the essential column; (b) Consistent high academic performance; (c) Doctoral degree from a reputed University / Institution in law / management / accounts/ finance / a closely related area; (c) Degree / Diploma / Certification in Regulatory Law / Economics. |
Substituted vide the Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) (Amendment) Regulations, 2019 dated 23.07.2019. To view the Notification, Click Here.
Schedule II-Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017
Substituted vide Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) (Amendment) Regulations, 2022 dated 01.06.2022. To view the notification, Click Here
| Level | Experience (Employment/ Practice/Research) in the relevant discipline (Years) | Consolidated Monthly Remuneration + 10 percent annual increase |
| Level I (Research Associate) | Up to three years | Rs. 60,000 |
| Level II (Research Associate) | Minimum three years | Rs. 80,000 |
| Level III (Research Associate) | Minimum five years | Rs. 1,05,000 |
| Level IV (Research Associate) | Minimum ten years | Rs. 1,30,000 |
| Level V (Research Associate) | Minimum fifteen years | Rs. 1,55,000 |
Research) in the relevant discipline (Years) | Remuneration + 10 percent annual increase |
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