Executive Director vacancy in IBBI Recruitment 2021

IBBI March 2021 Notification	Details
Executive Director	LLM, M.A, MBA/PGDM
Job Location	New Delhi
Total Vacancies	2
Last Date to Apply	09/04/2021

Qualification Details:

Sub: Appointment of Executive Director (ED) on deputation.
The Insolvency and Bankruptcy Board of India (IBBI), a statutory body established under the Insolvency and Bankruptcy Code, 2016, invites applications for 02 (Two) posts of Executive Director (ED) on deputation from eligible officers currently working in Central Government, State Governments, Public Sector Units or Autonomous Organizations.
The eligibility criteria for the post and other details for submitting applications are given
The applications in the format given at, complete in all respects, may be submitted to undersigned at the address stated above or submitted over mail to personnel@ibbi.gov.in , through proper channel, so as to reach us latest by 9th April, 2021.
Encl.: As above
Secretary, Ministry of Corporate Affairs, Shastri Bhawan, New Delhi with a request to get this notice placed on the Ministry’s Website.
Technical Director, Department of Personnel and Training, New Delhi with a request to get this notice placed on DoP&T Website.
Information Technology Division in IBBI with a request to get this notice placed on IBBI Website.
Details of appointment of Executive Director (ED) on Deputation
Name of Post: Executive Director(ED)
Number of posts: 02 (Two)
The number of post notified is 02 (Two), but IBBI reserves the right to select more or not select anyone against this vacancy notice.
The selected officer can be posted or transferred anywhere in India by IBBI. IBBI’s head office is currently in Delhi. While the Insolvency and Bankruptcy Code, 2016 provides for head office of IBBI to be in National Capital Region, it may have other offices across India.
The age for deputation shall be not less than 40 years and not more than 55 years on 31st March, 2021.
The appointment for the post will be on deputation basis for an initial period of two (2) years, which shall be extendable by two years at a time subject to mutual consent.
The candidates shall route their applications through theiremployers
Pay and Allowances:
Remuneration: IBBI has adopted pay on the pattern of SEBI pay scales for its executives. The present pay for the Executive Director is Rs. 120500 — 3500 (2) — 127500 (3). Other benefits including House Allowance, Transport, LFC and Medical Benefits will be admissible. b. The officers will have an option to retain the pay scale, personal pay, DA of his original employer along with deputation allowance or select pay scale of IBBI. The option once exercised will be final.

Eligibility for Deputation:

Officers of RBI, Banks, Financial Institutions, Regulatory bodies, statutory bodies and academies: Officers with not less than twenty years of experience in the Officer Cadre of which minimum fifteen years’ experience in the field of Law, Finance, Economics, Accountancy or Administration. And Having desirable educational qualification of Master of Business Administration with specialization in Law/ Finance/Economics / Accountancy or Post Graduate in Law/Finance/Economics / Accountancy from a recognized University or Institution with knowledge of Insolvency or Bankruptcy issues.
Officers in Government: Group A Officers from All India or Central Civil Services who have completed minimum eighteen years’ of service;
holding regular post in Level 14 (144200-218200) in Pay Matrix of 7th CPC; or
With eight years of service in the grade rendered after appointment thereto on regular basis in Level 13 (Rs. 123100-215900) in the pay matrix of 7th CPC or Grade Pay of Rs. 8700 in Pay Band-4 in the Pre-revised scale; And Having desirable experience in the field of Law, Finance, Economics, Accountancy or Administration with knowledge of Insolvency or Bankruptcy issues.

Age:

The age for deputation shall be not less than 40 years and not more than 55 years on 31st March, 2021.

Information

Applications which are received after the prescribed date will not be considered.
The Board takes no responsibility for any delay in receipt of application or loss thereof in postal transit.
Mode of Selection will be interview. The Board reserves the right to modify the selection procedure, if deemedfit.
Outstation candidates called for interview will be reimbursed ‘Y’ Class Air fare for the to and fro journey by the shortest route from the place of their residence, to the place of interview, subject to submission of necessary documentary evidence.
The candidates shall route their applications through their employers. A copy of application marked ’Advance Copy’ should be sent to the given address. It is clarified that any form of conditional forwarding from the employer or applications received without certificate of employer shall be summarily rejected.
The Board reserves the right to raise the minimum standards in respect of qualification and experience in order to restrict the number of candidates to be called for the interview. Thus, merely fulfilling the eligibility conditions laid down in the advertisement as regards qualifications and experience, would not automatically entitle any candidate to be called for the interview.
Canvassing or bringing any undue influence in any form will disqualify the candidate.
Any candidate who knowingly or willfully furnishes incorrect or false particulars or suppressed material information, their candidature will be liable to be cancelled at any stage of the selection. If the candidate qualifies in the selection process and subsequently it is found that he/she does not fulfill the eligibility criteria, his/her candidature will be cancelled and if appointed, the contract would be terminated without any notice or compensation.
The Board reserves the right to cancel the Advertisement fully or partly on any grounds.
The decision of the Board in all matters would be final and binding, and no correspondence in this regard would be entertained.

Note:

Deputationists shall not be eligible for consideration for appointment by promotion.
The period of deputation including period of deputation in another ex-cadre post held immediately preceding this appointment in the same or some other organization or department of the Central Government, shall ordinarily not exceed three years. It may be extendable for another two years and the maximum period of deputation shall not exceed five years.

Address

Insolvency and Bankruptcy Board of India 2 nd Floor, Jeevan Vihar Building, 3, Parliament Street, New Delhi, 110001

Selection Procedure :

Mode of Selection will be interview. The Board reserves the right to modify the selection procedure, if deemedfit.

How to Apply :

Applications shall be made in the prescribed format given
Applications shall be submitted through proper channel along with copies of Annual Performance Appraisal Reports of the last three years and vigilance clearance.
Applications shall be submitted to Executive Director(HR), 2nd Floor, Jeevan Vihar Building, 3, Parliament Street, New Delhi, 110001 or submitted over mail to personnel@ibbi.gov.in
The last date for submission of application duly forwarded by employer is 9th April, 2021.
Incomplete application or application submitted in a different format is liable to be summarily rejected.
File No.: HR-13011/01/2021-IBBI(299) Dated: 10th March, 2021