Regulation 27 - Duties of the user - Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

Duties of the user 27. 1 [ (1) A user, who has submitted information in Form C of the Schedule to an information utility, shall submit the information updated as on the last day of every month, in the first week of following month: Provided that information of default shall be updated within seven days of occurrence of default. ] (2) A user shall expeditiously correct information as soon as it finds it erroneous, stating the reasons, if any. ************ NOTES:- 1. Substituted vide Notification No. IBBI/2021-22/GN/REG072 dated 13-04-2021 before it was read as (1) A user shall expeditiously update the information submitted by it to an information utility.