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To promote awareness and understanding of the IBC among various stakeholders across the country,
the IBBI has lunched this online Quiz in collaboration with MyGov.in
The Insolvency and Bankruptcy Code, 2016 (IBC) provides a market mechanism for reorganisation and insolvency T resolution of corporate persons, partnership firms and individuals in a time bound manner for maximization of value of assets of such persons, to promote entrepreneurship, availability of credit and balance the interests of all the stakeholders. It is one of the deepest economic reforms of India in the recent years.
The Insolvency and Bankruptcy Board of India (IBBI) is a key pillar of the ecosystem responsible
for implementation of the IBC. It is responsible for development and regulation of insolvency
professionals and other service providers. It regulates various processes, namely, corporate
insolvency resolution, corporate liquidation, fresh start, individual insolvency resolution and
individual bankruptcy. It acts as the ‘Authority’ for regulation and development of the profession
of valuers.
The Quiz is open from 1 July, 2020 to 31 July, 2020.
Terms and Conditions:
(a) The Quiz shall be open on the MyGov portal https://quiz.mygov.in for a period of one month from 1 July, 2020 to 31 July, 2020.
(b) The Quiz is open to Indian citizens aged 18 years and above. Individuals working in IBBI
(permanent and contractual), service providers under the IBC and registered with IBBI and also their immediate family members are not permitted to participate in the Quiz. A participant is required to self-certify that he/she is eligible to take the Quiz and also that he/she abides by these terms and conditions.
(.c) One needs to register on the MyGov portal before taking the Quiz. For registration, you need to submit valid mobile number and a valid e-mail ID. The same mobile number or e-mail ID cannot be
used twice for registration. This means that you can participate in the Quiz only once.
(d) The Quiz is available both in English and Hindi. You may choose either of the languages.
(e) The Quiz will have 20 (twenty) questions, each
For further information and to see sample questions for the quiz, click the button below.
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