The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019

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..... Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 , namely:- 1. (1) These regulations may be called the Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2019. (2) They shall come into force on the date of their publication in the Official Gazette. 2 . In the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 (hereinafter referred to as the principal regulations), in regulation 6, in sub-regulation (2), for clause (e) , the following clause shall be substituted, namely: - (e) pay an annual fee of fifty lakh rupees to the Board, within fifteen days from the date of commencement of the financial .....

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..... soon as it is received. (2) For the purpose of sub-regulation (1), the information utility shall- (a) deliver the information of default to the debtor seeking confirmation of the same within the time specified in the Technical Standards; (b) remind the debtor at least three times for confirmation of information of default, in case the debtor does not respond, allow three days each time for the debtor to respond; (c) deliver the information of default or the reminder, as the case may be, to the debtor either by hand, post or electronic means at the postal or e-mail address of the debtor- (i) registered with the information utility by him, failing which, (ii) recorded with any other statu .....

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..... column (4) of the Table thereof, to the registered users who are- (a) creditors of the debtor who has defaulted; (b) parties and sureties, if any, to the debt in respect of which the information of default has been received. . Dr. M. S. Sahoo Chairperson [ADVT . - ________] Note: The Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 were published vide notification No. IBBI/2016-17/GN/REG009 dated 31st March, 2017 in the Gazette of India, Extraordinary, Part III, Section 4, No. 129 on 31st March, 2017 and were subsequently amended by- (1) The Insolvency and Bankruptcy Board of India (Information Utilities) (Amendment) Regulations, 2017 p .....

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