Guidelines for Technical Standards for the Performance of Core Services and Other Services under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

The Insolvency and Bankruptcy Board of India has issued Guidelines for Technical Standards for the Performance of Core Services and Other Services under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017. An Information Utility shall undertake the following processes for Registration, Identification and Verification of Users:

1. Capture the minimum required information as specified in these guidelines covering identity and contact details;
2. Conduct a de-duplication check across all IUs to ensure that the User is not already registered;
3. Verify the identity of the User against the original issuer of ID;
4. Upload the Digital Signature Certificate (if available) and its verification with the certifying authorities;
5. Receive an acceptance from the User, of the terms of usage as formulated by the concerned Information Utility;
6. Receive the fees as published by the IU on its website;
7. Allot the Unique Identifier Number (UIN – described under the Technical Standards pertaining to Unique identifier for each record and each user at 2.2;
8. Issue the user ID and password to the User;