Deadline: Apply at least 30 days before your intended start month | Stipend: Rs. 10,000 per month | Duration: 1 month (extendable up to 2 months) | Location: New Delhi
What is IBBI?
The Insolvency and Bankruptcy Board of India (IBBI) is a statutory body. The Insolvency and Bankruptcy Code, 2016 established it, and it functions under the Ministry of Corporate Affairs. IBBI regulates insolvency professionals, insolvency professional agencies, and information utilities. It also oversees the implementation of India’s insolvency framework.
About the IBBI Internship Programme
IBBI offers a structured internship to students who want to pursue a career in insolvency, liquidation, bankruptcy, or related fields. Unlike most government internships, this programme runs on a rolling basis, there’s no fixed quarterly cycle. Instead, you can apply for any month, as long as your application reaches IBBI at least 30 days before your intended start date.
Importantly, this is a paid internship. So, selected interns receive a lump sum stipend of Rs. 10,000 for the month.
Who Can Apply: Eligibility Criteria
You can apply if you meet one of these criteria:
- You are pursuing a 3-year or 5-year law degree, or
- You are pursuing a postgraduate degree in Economics, Commerce, Finance, Management, or Law, or
- You are pursuing an M.Phil. or Ph.D. in Economics, Commerce, Finance, Management, or Law
Additionally, your School, College, Institute, or University must be a recognised one.
Stipend and Duration
IBBI pays interns a lump sum stipend of Rs. 10,000 per month. The internship typically lasts 1 month, although IBBI may extend it by another month at its discretion. Note that you cannot take leave during the internship. Also, you must bring your own laptop, IBBI only provides workspace and internet.
How to Apply for the IBBI Internship
Follow these steps to apply:
- First, download and fill the application form attached to the official IBBI Internship Guidelines, 2023.
- Next, get your application recommended and signed by the competent authority at your institution.
- Then, email the completed, recommended application to intern@ibbi.gov.in.
- Make sure you submit it at least 30 days before your intended month of internship. For example, apply by November 30 if you want to start in January.
- If IBBI shortlists you, they will inform you about 15 days before your internship start date.
However, note that incomplete applications or applications without institutional recommendation will not be considered.
What the Internship Involves
Once selected, you must submit a declaration of secrecy at the start of the internship. During the internship, you will assist the officer or division you are assigned to with ongoing IBBI activities. You must also prepare a dissertation or work report on a topic you agree upon with IBBI, under the guidance of an IBBI officer. Finally, once you complete the internship and submit your dissertation, IBBI issues a certificate.
A Few Important Notes
Before you apply, keep these points in mind:
- This internship does not guarantee future employment with IBBI.
- You cannot represent yourself as an IBBI employee anywhere.
- Since applications need a 30-day lead time, apply early to avoid missing your preferred month.
📄 Official Guidelines and Application Form: https://ibbi.gov.in/uploads/legalframwork/958002823ce7d34c0bf75d5bf90ca216.pdf
📧 Apply via email: intern@ibbi.gov.in
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This internship is free to apply. No legitimate internship charges any fee. So, if anyone asks you for money to apply, it is a scam.