IBBI IU Regulations, 2017

Regulations 42. Appeal.— An appeal may be preferred under section 211, within a period of thirty days of receipt of the order, in the manner prescribed in Part III of…

Regulations 41. Disciplinary proceedings.— (1) Based on the findings of an inspection or investigation, or on material otherwise available on record, if the Board is of the prima facie opinion…

Regulations 40. Surrender of registration.— (1) An information utility may submit an application for surrender of its certificate of registration to the Board, providing - (a) the reasons for such…

Regulations 39. Exit management plan.— (1) An information utility shall, at all times, have an exit management plan which shall include- (a) mechanisms to enable users to transfer information to…

Regulations 28. Storing information submitted by insolvency professionals.— (1) An insolvency professional may submit reports, registers and minutes in respect of any insolvency resolution, liquidation or bankruptcy proceedings to an…

Regulations 37. Inspection.— (1) Without prejudice to the provisions of sections 217-220, the Board shall inspect an information utility with such periodicity as may be considered necessary. (2) An information…

Regulations 14[36A. Publication of statistical information.— (1) An information utility shall publish statistics relating to debt related information in its possession, quarterly.(2) The statistics in sub-regulation (1) shall provide distribution…

Regulations 36. Provision of information to the Board.— (1) An information utility shall provide such information as may be required by the Board. (2) Without prejudice to the provisions of…

Regulations 35. Preservation Policy.— (1) An information utility shall have a Preservation Policy providing for the form, manner and duration of preservation of– (a) information stored with it; and(b) details…

Regulations 28. Audit of information technology framework.— (1) An information utility shall appoint an external auditor having relevant qualifications to audit its information technology framework, interface and data processing systems…