Limited Insolvency Examination - Syllabus w.e.f 1st March 2022

(i)  The Companies Act, 2013

Chapter III-Prospectus and Allotment of Securities

Chapter IV-Share Capital and Debentures

Chapter V-Acceptance of Deposits by Companies

Chapter VI-Registration of Charges

Chapter VII-Management and Administration

Chapter IX-Accounts of Companies

Chapter XV-Compromises, Arrangements and Amalgamations

Chapter XVII-Registered Valuers

Chapter XVIII-Removal of names of the companies from the register of companies

Chapter XX-Winding Up

Chapter XXVII-NCLT and NCLAT

Chapter XXVIII-Special Courts

Chapter XXIX-Miscellaneous

(i) The Partnership Act, 1932

(ii) The Limited Liability Partnership Act, 2008

(iii)  The Indian Contract Act, 1872 Of contracts, Voidable Contracts and Void Agreement (Sections 10-30); Contingent Contracts   (Sections   31-36);    Performance of Contract (Sections 37-61); Novation, Rescission and Alteration of Contracts (Sections 62-67); Consequences of Breach of Contract (Sections 73-75); Contracts of Indemnity and Guarantee and Surety’s Rights (Sections 124-127); Bailment and Pledge (Sections 148-181); Agency (Sections 182­238)

(iv)   The Sale of Goods Act, 1930

(i) The Negotiable Instruments Act, 1881

(ii) The Transfer of Property Act, 1882

(iii) The Code of Civil Procedure, 1908 (Sections 9, 10, 11, 26-32, 38-45,60-64, 73, 75-78, 89 and Order 21) and the Limitation Act, 1963

(iv) The Prevention of Corruption Act, 1988 (Definition of public servant, Section 7-16 read with Section 29A of the Insolvency and Bankruptcy Code, 2016) and the Prevention of Money Laundering Act, 2002 (Sections: 2-8, 48, 63, 67, 71, 72)

(v) The Recovery of Debts and Bankruptcy Act, 1993

(vi) The Arbitration and Conciliation Act, 1996

(vii) The Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002

(viii) The Micro, Small and Medium Enterprises Development Act, 2006:

(Classification of enterprises, Advisory committee, Memorandum of micro, small and medium enterprises, Delayed payments to micro and small enterprises)

(ix) Real Estate (Regulation and Development) Act, 2016

(Sections: 2, 4, 5, 11, 17, 18, 20, 23, 31, 34, 36, 37, 38, 40, 41, 42, 58, 59, 69, 70, 71, 79, 80, 85, 86, 88, 89, 90)

(x) Securities Contracts (Regulation) Act, 1956 (Contracts and options in securities, listing of securities, Offences, penalties, and adjudication) and the following SEBI Regulations: –

• Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011

• Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015

• Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018

• Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2021

(i) Constitution of India: Right to Constitutional Remedies, Provisions of Union Judiciary, Provisions of High Courts in the States; Principles of Natural Justice

(ii) Rights of Workmen under Labour Laws

(iii) Basic Principles of Economics

(iv) Financial Markets

(v) Basic Concepts of Valuation

(vi) Forensic Audit

(List of cases given in Annexure)

There will be comprehensions each narrating a case and there will be questions based on the narrative:

a) Case study on Corporate Insolvency Resolution Process & Liquidation Process (10 questions x 2 marks each = 20 marks)

b) Case study on Corporate Insolvency Resolution Process & Liquidation Process (10 questions x 2 marks each = 20 marks)

c) Case study on Pre-Packaged Insolvency Resolution process (4 questions x 2 marks each = 08 marks)

d) Case study on Individual Insolvency Resolution and Bankruptcy (4 questions x 2 marks each = 08 marks)

e) Case study on Business and General Laws given at Sl. No 3 & 4 (4 questions x 2 marks each = 08 marks)

f) Case study on Business and Professional Ethics (3 questions x 2 marks each = 06 marks)

Infratel Limited & Anr., [Civil Appeal No. 676/2021]