The
Indian Institute of Corporate Affairs is a premiere institute established by
Ministry of Corporate Affairs (MCA). It primarily works on various issues
relating to the Corporate Affairs including Companies Act, Insolvency and
Bankruptcy Laws and Procedures, Business and Financial Laws, Valuation, ESG,
MSMEs, Corporate Governance and Independent Directors. The Institute is
involved in capacity building and offering the courses in Online and Offline
mode since introduction of the Insolvency and Bankruptcy Code. It works closely
with IBBI and MCA in relation to the Insolvency and Bankruptcy. It is the first
institute allowed by IBBI to offer the prestigious Graduate Insolvency
Programme (2 year course) and the Institute has successfully completed 4
batches of the GIP course and th moving towards offering the 5 batch of the
course from June 2023. The Institute has achieved 100 percent placements to GIP
students and leading the Insolvency field at forefront for sensitizing the
private and public sectors since 2017. Its role in hosting orientation
programmes for newly appointed Hon’ble Members of NCLT also helps IICA in
gaining legal perspectives on the subject. Taking these initiatives forward,
the IICA is one of the most ideally placed institution to collaborate with the
one of the leading and best National Law Schools in the country i.e. NALSAR
University of Law for a LL.M course in Insolvency and Bankruptcy Laws.
THE
LL.M PROGRAMME
The
L.L.M course offered by the National Academy of legal studies and Research
(NALSAR University) and Indian Institute
of Corporate Affairs (IICA) is first of its kind L.L.M Degree Programme in
Insolvency and Bankruptcy Laws and procedure Law in India. India has a huge,
emerging sector for helping distressed and bankrupt companies comes out of
financial difficulty. But it faces a huge shortage of bankruptcy professionals
who can oversee the process. As of 2023, the country had nearly 3000 insolvency
professionals; however, the number of Insolvency Professional and Insolvency Associates
are very less, considering the number of filing taking palace every day at
NCLT. On average, one Insolvency Professional needs at least 20 associates to
assist in big-ticket CIRP and Liquidation cases. Therefore, there is a serious
need to produce good insolvency associates and eco systems at mass level for providing
support to IPs, IPEs, Consultancies, law firms, ARCs and Academia. Therefore,
the Master-level course / orientation in Insolvency and Bankruptcy law is need
of the hour. There is a vacuum in this area in the legal education system in
the country and this course seeks to fill up this vacuum.
ELIGIBILITY
An L.L.B. Degree or any
other bachelor degree in Law with a minimum of fifty percent (50%) marks or its
equivalent grade in case of candidates belonging to General/OBC/PWD categories
and Forty-Five percent (45%) marks or its equivalent grade in case of
candidates belonging to SC/ST categories. However, the Admission Committee may
decide to reduce the qualifying marks percentage based on exigencies of the
situation.
Candidates
appearing for their qualifying examination in April/May 2023 are also eligible
to apply. There is no upper age limit for appearing for the Course.
The pedagogy will be based on a mix of academicians and practitioners with practice-oriented approach
towards the Course. Various teaching
methods will be used to train participants optimally in this programme. A high-quality study material prepared by professionals
in the field will also be provided.
Customized training
programm will also be conducted
by IICA in association with NALSAR for students
under this programme.
ADVANTAGES
FROM THE COURSE
Experienced Faculty of National and International Repute
Well-developed course material with presentations
Offered by NALSAR & IICA. NALSAR is a renowned Law Institution with world-class faculty and pedagogy. IICA is a Govt. of Indian Institution which has been a vehicle for driving the agenda on corporate issues for more than a decade, with access to the best academic resources available in India and abroad.
Access to state of the art IICA & NALSAR Campus during the course
Access to in house faculty throughout the duration of the course for clarification of doubts etc.
Continuous guidance for placements during the course.
ALLOTMENT OF SEATS:
50% of seats are allotted to the candidates based
on the CLAT (LL.M) 2023
Score I Rank
50% of seats are allotted
to the candidates appearing through
the entrance test (non-CLAT students)
Candidates who have a CLAT score
are also free to appear
for the entrance examination conducted
for the course. In that case they will be considered
for selection under both the categories, and if they get selected against both categories, they will be included in the quota of written
examination category
However, based on the availability of more candidates under any one stream, the admission
authorities may reduce or increase the percentage of seats under any stream.
Tie Breaker Rule: In case of equal marks, the break of tie shall be by the following procedure and order as under: (i) Higher age (ii) Computerized draw of lots.
SELECTION CRITERIA
The
candidates will be selected based
on their performance in CLAT (LL.M)
2023 score I rank and in-person examination, as the
case may be, followed by personal interview
(in case of
written examination category).
ADMISSION PROCESS
The
Online portal for submitting the Application form for admission shall be open
on the website
HOW TO APPLY:
All
the candidates should apply online.
The
online application form is available on the website www.nalsar.ac.in
STEP 1:
The candidate should register by providing the email id and other details on
the registration page. After completion of the registration, the login details
will be sent to the registered email id.
STEP2:
The candidate should login using the login id and password.
STEP3:
For complete details, kindly go through the Admission Notification, which is
available on the Registration Page and the Website and proceed for filling the
application form.
STEP 4: Fill
all the details in the application form. All mandatory (with*) should be filled
in compulsorily. Upload all the documents and the photograph as listed in the
application form.
STEP5:
After filling all the details PRESS ‘SAVE’ to save the data entered by you.
Candidates can login and keep entering/ modifying the data till payment is
done.
STEP 6:
After filling all the details, the next step is to make the payment. Make the
payment using the online payment gateway. Please verify the amount of fee from
the Admission Notification for the selected programme and the relevant category before making the payment.
STEP7: If
your payment transaction is successful, the fee receipt will be generated and
the same along with the filled in application form will be available on the
DASHBOARD. If the payment transaction is failed then you need to do the payment
process again till your transaction is successful.
Mandatory
Documents to be attached (uploaded) with the application form:
Front facing passport size recent photograph
with plain background
Signature of the candidate
Category certificate if you are applying
under SC/ST/OBC
Relevant certificate issued by competent
authority if candidate is applying under P.W.D
Relevant certificate issued by competent
authority if candidate is applying under EWS Central Government category
LLB Certificate and Marksheet.
For students who are in final year of LLB,
or those whose results are still to be declared, may submit their prefinal year
marksheet (2nd year for 3 year programme, 4th year for 5 year programme). Such
students would have to produce their final year certificates (at least
provisional) by 1st August 2023
Copy of Aadhaar Card/ PAN Card / Voter ID
Card.
APPLICATION FEE
Application fees can be paid online only.
Application fee for General candidates: Rs.5,000/-
Application fee for OBC/PWD candidates: Rs.4,000/-
Application fee
for SC/ST/EWS category
candidates: Rs.3,500/-
The candidates themselves will have to bear the bank
transaction charges for remitting the fee online. The actual bank transaction
charges will be displayed in the payment gateway page after the candidates
choose the mode of payment
Application Fees is non-refundable.
Hall
Ticket
The Hall ticket can
be downloaded by the candidate by logging into his/her account. The hall
tickets will be made available on 10 August, 2023 on the website of the
institutes
EXAM
PROCESS:
Student login process to access the Online MCQ & Written
exam
This involves three critical steps: the first is entering your
username and password, the second is entering the captcha that is displayed on
the respective screens and the third is selecting the tick box against the
accept the Terms of use and privacy policy of the website. This is followed by
clicking on the Login button.
Once logged in Student Image will be captured, in this image
student has to hold the ID card in his hand for verification.
Once students have logged in to their account, they can see
the exam details, including the exam start date, end date, time zone, number of
questions and the time left.
Students have to click on the proceed button, a pop-up
window indicating the candidate details will come up. Cross-check the details
followed by clicking on ‘I agree’ and click on the confirm button to start the
process.
After clicking on the confirm button, your system will ask
user to allow the usage of a web camera. Once students allow the same, exam
instructions will be displayed on the screen. After reading all the
instructions, click on “I’ve read and understood the instructions, follow by
the “I am ready to begin button”,to start the exam.
This will take students directly to the online exam window.
Students will view the exam timer in the top right-hand corner, indicating the
time left for completion. The main window will display the body of the
question, including the question and the corresponding options to choose from.
For selecting the correct answer, click on the bullet option associated with
the particular choice and then select ‘Save and Next’. Students can also
navigate through the entire question set from the question grid on the right
side of the window.
While the system automatically saves the answers, students
can navigate through the questions using the Previous, Save and next buttons.
In case students have a doubt with a specific question, student can choose the
mark for review option and come back to it later. While submitting, the
questions marked as “Marked for Review” are also considered as attempted final
answers.
The question grid will label the question number differently
for easier access. The Attempted questions are shown in green, unattempt in
grey, attempted but marked for review in blue and unattempt but marked for
review will be in purple
While student attempts the exam, a remote proctor will
monitor students conduct and be subjected to supervision. Therefore, students will
not be allowed to talk to anyone or refer to any books or study material. Any
violation of the same would fall under exam malpractice. Opening of any
external tabs will also be a violation of exam regulations.
Once student have completed the exam and reached the last
question, the submit Test option will be visible on your page. This will lead
you to a test summary window showing you the number of attempted, unattempt,
attempted under review and non-attempted under review questions. The window will
ask you to go ahead with the submission. Click on yes, if you want to submit
the test and no if you would like to go back to the test. One you submit the
test, your exam will be marked as complete.
Assessment
& Examination Process for award of Degree
The
course offered is two year full time LL.M. Degree (Residential Course),
arranged in four semesters. The academic activity during each semester include
teaching, project report, assignments and seminar presentations focusing on the
insolvency and allied laws. There is also a mandatory internship at the end of
each semester. Students are allowed a maximum of four years from the date of
admission to complete the requirements of the degree.
S.No.
Category
% of seat
as per LL.M Reservation Policy
No. of students to be admitted in various categories according to the total
no. of seats
SC
15%
9
ST
7.5%
5
PWD
5%
3
OBC (Non- Creamy
layer)
27%
16
EWS
10%
6
UR
35.5%
21
Total
60
FEE
STRUCTURE
Academic
Charges
Particulars
First
Year Fee (P.A)(Rs)
Second
Year Fee(P.A)(Rs)
Tution Fee
5,50,000
5,50,000
Refundable
Amount
20,000
20,000
Total
5,70,000
5,70,000
Hostel
Charges*
Particulars
First Year Fee
(NALSAR)(P.A)(Rs)
Second Year
Fee(IICA)(P.A)(Rs)
Room Rent
12,000
1,08,000
Food
Charges
50,000
1,07,000
Total
62,000
2,15,000
*Room
rent and food charges may change during the course of the programme, and the
same will be applicable.
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WHY IICA & NALSAR
The Indian Institute of Corporate Affairs is a premiere institute established by Ministry of Corporate Affairs (MCA). It primarily works on various issues relating to the Corporate Affairs including Companies Act, Insolvency and Bankruptcy Laws and Procedures, Business and Financial Laws, Valuation, ESG, MSMEs, Corporate Governance and Independent Directors. The Institute is involved in capacity building and offering the courses in Online and Offline mode since introduction of the Insolvency and Bankruptcy Code. It works closely with IBBI and MCA in relation to the Insolvency and Bankruptcy. It is the first institute allowed by IBBI to offer the prestigious Graduate Insolvency Programme (2 year course) and the Institute has successfully completed 4 batches of the GIP course and th moving towards offering the 5 batch of the course from June 2023. The Institute has achieved 100 percent placements to GIP students and leading the Insolvency field at forefront for sensitizing the private and public sectors since 2017. Its role in hosting orientation programmes for newly appointed Hon’ble Members of NCLT also helps IICA in gaining legal perspectives on the subject. Taking these initiatives forward, the IICA is one of the most ideally placed institution to collaborate with the one of the leading and best National Law Schools in the country i.e. NALSAR University of Law for a LL.M course in Insolvency and Bankruptcy Laws.
THE LL.M PROGRAMME
The L.L.M course offered by the National Academy of legal studies and Research (NALSAR University) and Indian Institute of Corporate Affairs (IICA) is first of its kind L.L.M Degree Programme in Insolvency and Bankruptcy Laws and procedure Law in India. India has a huge, emerging sector for helping distressed and bankrupt companies comes out of financial difficulty. But it faces a huge shortage of bankruptcy professionals who can oversee the process. As of 2023, the country had nearly 3000 insolvency professionals; however, the number of Insolvency Professional and Insolvency Associates are very less, considering the number of filing taking palace every day at NCLT. On average, one Insolvency Professional needs at least 20 associates to assist in big-ticket CIRP and Liquidation cases. Therefore, there is a serious need to produce good insolvency associates and eco systems at mass level for providing support to IPs, IPEs, Consultancies, law firms, ARCs and Academia. Therefore, the Master-level course / orientation in Insolvency and Bankruptcy law is need of the hour. There is a vacuum in this area in the legal education system in the country and this course seeks to fill up this vacuum.
ELIGIBILITY
An L.L.B. Degree or any other bachelor degree in Law with a minimum of fifty percent (50%) marks or its equivalent grade in case of candidates belonging to General/OBC/PWD categories and Forty-Five percent (45%) marks or its equivalent grade in case of candidates belonging to SC/ST categories. However, the Admission Committee may decide to reduce the qualifying marks percentage based on exigencies of the situation.
Candidates appearing for their qualifying examination in April/May 2023 are also eligible to apply. There is no upper age limit for appearing for the Course.
The pedagogy will be based on a mix of academicians and practitioners with practice-oriented approach towards the Course. Various teaching methods will be used to train participants optimally in this programme. A high-quality study material prepared by professionals in the field will also be provided. Customized training programm will also be conducted by IICA in association with NALSAR for students under this programme.
ADVANTAGES FROM THE COURSE
ALLOTMENT OF SEATS:
SELECTION CRITERIA
The candidates will be selected based on their performance in CLAT (LL.M) 2023 score I rank and in-person examination, as the case may be, followed by personal interview (in case of written examination category).
ADMISSION PROCESS
The Online portal for submitting the Application form for admission shall be open on the website
HOW TO APPLY:
All the candidates should apply online.
The online application form is available on the website www.nalsar.ac.in
STEP 1: The candidate should register by providing the email id and other details on the registration page. After completion of the registration, the login details will be sent to the registered email id.
STEP2: The candidate should login using the login id and password.
STEP3: For complete details, kindly go through the Admission Notification, which is available on the Registration Page and the Website and proceed for filling the application form.
STEP 4: Fill all the details in the application form. All mandatory (with*) should be filled in compulsorily. Upload all the documents and the photograph as listed in the application form.
STEP5: After filling all the details PRESS ‘SAVE’ to save the data entered by you. Candidates can login and keep entering/ modifying the data till payment is done.
STEP 6: After filling all the details, the next step is to make the payment. Make the payment using the online payment gateway. Please verify the amount of fee from the Admission Notification for the selected programme and the relevant category before making the payment.
STEP7: If your payment transaction is successful, the fee receipt will be generated and the same along with the filled in application form will be available on the DASHBOARD. If the payment transaction is failed then you need to do the payment process again till your transaction is successful.
Mandatory Documents to be attached (uploaded) with the application form:
APPLICATION FEE
Hall Ticket
The Hall ticket can be downloaded by the candidate by logging into his/her account. The hall tickets will be made available on 10 August, 2023 on the website of the institutes
EXAM PROCESS:
Assessment & Examination Process for award of Degree
The course offered is two year full time LL.M. Degree (Residential Course), arranged in four semesters. The academic activity during each semester include teaching, project report, assignments and seminar presentations focusing on the insolvency and allied laws. There is also a mandatory internship at the end of each semester. Students are allowed a maximum of four years from the date of admission to complete the requirements of the degree.
FEE STRUCTURE
*Room rent and food charges may change during the course of the programme, and the same will be applicable.
C. Total Charges
Total Fee (Two Years) : 14,17,000
Important Dates
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