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CS Professional · Insolvency and Bankruptcy - Law and Practice · Professional and Ethical Practices for Insolvency Practitioners

Which of the following is a function that the Code assigns to the Board, rather than to the insolvency professional agency, in relation to the examination for enrolment of insolvency professionals?

The Board lays down by regulations the minimum curriculum for the enrolment examination. Matters such as the manner of conducting the examination, fee for inducting members and the agency's governing board are dealt with through model bye-laws adopted by the agencies.

  1. ALaying down by regulations the minimum curriculum for the examinationCorrect
  2. BConducting the examination on a given date for each candidate
  3. CFixing the quantum of fee for inducting persons as members
  4. DSetting up the governing board of the agency

Explanation

Section 196(1)(e) empowers the Board to lay down by regulations the minimum curriculum for the examination. The manner of conducting the examination and the fee for inducting members are matters in model bye-laws adopted by agencies, and the governing board is set up by the agency per the Board's regulations.

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