New session of Graduate Insolvency Programme begins from 1 July 2022; entrance test on 8th May
The Graduate Insolvency Programme Common Entrance Test (GIPCET) for 2022-24 session will be held on 8 May 2022, the registration process of which will begin from 4 February. The registration will close on 25 April and the classes will tentatively start from 1 July 2022.
Graduate Insolvency Programme is first of its kind programme for those aspiring to take up insolvency professional as a career or seeking to take up other roles in the value chain, in India and in foreign jurisdictions. A student who completes the GIP will be eligible for registration as insolvency professional under the Insolvency and Bankruptcy Code 2016, without having to wait to acquire the 10-year experience as required by the Code at present.
The Graduate Insolvency Programme is run by Indian Institute of Corporate Affairs (IICA) at Manesar, Haryana.
Important Dates
| S.No. | Event | Date |
| 1 | Registration Open | 04 February, 2022 |
| 2 | Registration Closed | 25 April ,2022 |
| 3 | GIPCET Exam Date | 08 May, 2022 |
| 4 | Commencement of Classes (tentative) | 1st July , 2022 |
Admission Process
- Application can be submitted online only, please visit the link for submitting the online Application.
- Application Fee : INR 3000 (Including 2 centre option).
- INR 500/- for selection of additional centre (two additional centre can be selected).
Selection
- Eligible candidates will have to clear written examination.
- Based on the performance in the written examination, candidates will be invited for Group Discussion and Personal interview to be held under the oversight of observers who are experts in the subject and members of the faculty.
- Personal Interview & Group Discussion of shortlisted candidates.
Batch Size
A maximum of 52 students only will be enrolled for effective learning.
Reservation
Seats are reserved for candidates belonging to SC/ST or OBC category as per the government norms.
Test Centres
Ahmedabad, Gandhinagar , Allahabad, Bengaluru, Chandigarh- Mohali, Chennai, Cuttack, Delhi NCR, Guwahati, Hyderabad, Jaipur, Kolkata, Mumbai- Navi Mumbai – Thane and Trivandrum.
Note: Candidates will be given an option to select any four cities in order of their preference.
Eligibility
Qualification
- Chartered Accountant
- Advocate
- Cost Accountant
- Company Secretary
- B.E / B.Tech
- Post-graduate with major subjects in Economics
- Finance, Commerce, Management and Insolvency with aggregate 50% marks
Experience
There is no requirement of any experience for pursuing Graduate Insolvency Programme.
Age
Should not be more than 28 years of age as on last date of registration .
Syllabus
Scope and coverage of questions under different subject areas:
| Section | No. of Questions |
| Professional Ethics | 20 |
| Domain Knowledge | 15 |
| Legal Aptitude | 10 |
| General Knowledge and Current Affairs | 15 |
| Financial Aptitude | 10 |
| Mathematics and Basic Statistics | 10 |
| Logical Reasoning | 10 |
| English Comprehension & Communication Skills | 10 |
| Total | 100 |
Fees Structure for Graduate Insolvency Programme
Tuition fee and other charges
| S. No. | Fee Head | Amount (INR) |
| 1. | Tuition Fee | 9,16,000 |
| 2. | Library Fee | 37,500 |
| 3. | Internet Fee | 7,500 |
| Total Fee | 9,61,000 |
Residence Charges**
| S. No. | Fee Head | Amount (INR) |
| 1. | Hostel Fees | 1,44,000 |
| 2. | Food | 1,20,000 |
| 3. | Internet Fee | 7,500 |
| Total | 2,64,000 |
Total Fee: Rs 12,25,000
* Subject to applicable taxes
** The GIP is a residential programme and students are required to stay in IICA Campus
Student loans: Student loan will be available to students who qualify Graduate Insolvency Programme subject to the candidate satisfying the prescribed terms.
Also See: Sample question paper for GIPCET
Also See: How you should prepare for Graduate Insolvency Programme entrance test
