IIIPI Advisory for Member on Fulfilling CPE Hour Requirement

IIIPI Advisory for IIIPI Members on Fulfilling CPE Hours Requirement

The Indian Institute of Insolvency Professionals of ICAI advises its members to comply with the Continuing Professional Education requirements prescribed by the Insolvency and Bankruptcy Board of India to maintain their professional competency and eligibility. IIIPI emphasizes the importance of proactive planning to meet CPE obligations within stipulated timelines and avoid disruptions in professional practice. Here’s a summary based on your note:

CPE  Requirements for Insolvency Professionals:

• Annual CPE Requirement: A minimum of 10 credit hours of CPE must be completed in each calendar year.
• Rolling Block CPE Requirement: A minimum of 60 credit hours of CPE must be completed over every rolling block of three calendar years.
• Consequences of Non-Compliance: Failing to meet the CPE requirements may result in the non-issuance or non-renewal of Authorization for Assignment (AFA). An active AFA is mandatory for IPs to take up assignments under the Insolvency and Bankruptcy Code (IBC). so we can say that Holding a valid AFA is mandatory for undertaking assignments as an Insolvency Professional under the IBC code.

Objective & Benefits of CPE Compliance: 

• To ensure that IPs maintain and enhance their professional knowledge, skills, and competence.
• Keeps professionals updated with regulatory amendments, jurisprudence, and global best practices.  Strengthens professional credibility and career prospects.
• To keep them informed about the latest developments in insolvency and bankruptcy law, as well as associated regulations and professional standards.

How to Fulfill CPE Requirements by IBBI Members?

Members can achieve the required CPE credits by participating in:

• Training Programs: Webinars, workshops, and seminars organized by IIIPI or other recognized bodies.
• Educational Modules: Online courses and certification programs approved by IBBI.
• Knowledge Events: Conferences, knowledge-sharing sessions, and professional meetings.

For Details IBBI CPE Guidelines 

For a detailed understanding of the guidelines and the process, you can refer to the IBBI CPE Guidelines available here. If you need assistance in meeting the CPE requirements or further clarification, let me know!