Schedule I-Insolvency and Bankruptcy Board of India (Engagement of Research Associates and Consultants) Regulations, 2017


(See regulation 5)

Discipline of Research
Associate / Consultant
Qualifications - EssentialQualifications - Desirable
(1)(2)(3)
a. Economics / Public PolicyPost 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 ManagementPost 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.
Discipline of Research
Associate or Consultant
Qualifications-EssentialQualifications-Desirable
Economics / Public PolicyPost Graduate degree in Economics or Public Policy from a recognized University or Institution.
(a) Consistent high academic performance;
(b) Doctoral degree from a reputed
University / Institution in Economics or a
closely related area;
(c) Degree / Diploma / Certification in
Regulatory Economics.
Law (i) LL. B or equivalent from a
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.
(a) Consistent high academic performance;
(b) LL. M. / Doctoral degree from a
reputed University / Institution in Law or a
closely related area;
(c) Degree / Diploma / Certification in
Regulatory Law.
Business Management Post graduate degree / Post graduate diploma / Master of Business Management
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.

(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;
(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.