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Public Consultation on Draft Regulations for Information Utilities

Public Consultation on Draft Regulations for Information Utilities
Start Date :
Jan 19, 2017
Last Date :
Feb 08, 2017
00:00 AM IST (GMT +5.30 Hrs)
Submission Closed

The Insolvency and Bankruptcy Board of India (IBBI) was established on October 1, 2016 in accordance with the provisions of The Insolvency and Bankruptcy Code, 2016. ...

The Insolvency and Bankruptcy Board of India (IBBI) was established on October 1, 2016 in accordance with the provisions of The Insolvency and Bankruptcy Code, 2016.

The Board has the responsibilities relating to the setting of a conducive ecosystem to support implementation of the insolvency and bankruptcy regime in India. This encompasses the following broad functions:
• Regulation and development of market processes and practices relating to Corporate Insolvency, Corporate Liquidation, Individual Insolvency, and Individual Bankruptcy
• Registration and regulation of service providers for the insolvency process which includes the Insolvency Professionals (IPs), Insolvency Professional Agencies (IPA), and Information Utilities (IUs)
• Oversight of markets and service providers through Surveillance, Investigation and Grievance Redressal
• Enforcement and Adjudication of service providers to ensure their orderly functioning
• Professional development and expertise through Education, Examination, Training and continuous professional enhancements.

Ministry of Corporate Affairs provided the initial handholding to the Board. It set up four Working Groups, each with a fixed time frame.

These working groups were mandated to:-
1. Deliberate and recommend the organizational structure of the Board;
2. Rules, Regulations and other related matters on Insolvency Professionals and Insolvency Professional Agencies; Rules,
3. Regulations and other related matters for the Insolvency and Liquidation Process under the Code;
4. Rules, regulations and other related matters for Information Utilities under the Code.

These Working Groups helped the Ministry of Corporate Affairs to prepare the draft regulations related to IPAs, IPs, Model Bye Laws, Insolvency Resolution Process for Corporate Persons, Insolvency Liquidation Process. The Ministry of Corporate Affairs placed these draft regulations in public domain seeking public comments by October 28/31, 2016.

Working Group-4 was set up by the Ministry of Corporate Affairs to deliberate and submit its recommendations on rules, regulations and other related matters for Information Utilities under the Insolvency and Bankruptcy Code, 2016. The Report submitted by the Working Group is enclosed herewith. The Report includes draft regulations on Information Utilities.

The Insolvency and Bankruptcy Board of India invites public comments on the Report as well as on each provision of the draft regulations by 7th February, 2017.

Click here to read the Report

Showing 46 Submission(s)
manoj_p_shah@yahoo.co.in
MANOJ SHAH 8 years 5 months ago

PMOPG/E/2016/0617672
no solution of MTNL please sold

santosh.tidke75@gmail.com
SANTOSH TIDAKE 8 years 5 months ago

sir,
most of the cases in the court is about land so every farm land should have road map so that their vehiciles easily pass.

ANIL KUMAR SAHLOT
ANIL KUMAR SAHLOT 8 years 5 months ago

Respected Sir, Our country is a land of farmers, and also a very large amount of Government land in villages or nearby area is encroched upon illegally, other side we are running short of green area and resultantly facing problem of pollution. I Hope it will be better if the vacant government land can be used for Plantation of trees, This will increase the green area and also avoid this land from encroachment. this will also provide the employment for many under Pradhanmantri Gramin Rozgar Yojna

janishaik21@yahoo.com
JANI BASHA SHAIK 8 years 5 months ago

Provision online mandi to farmers for they have crops buy directly to consumers. Then they will take reasonable profits directly from consumers and they will profits no effect at brokers/brokerage agencies. And farmers will save

janishaik21@yahoo.com
JANI BASHA SHAIK 8 years 5 months ago

Introduce common toll free number to all for enquiry about doubts on digital transactions.

janishaik21@yahoo.com
JANI BASHA SHAIK 8 years 5 months ago

Put biometric attendance system to all contract workers of government industries/organisations . Like Anganvadi workers/Aasa workers /labuors etc. Then they may no misuse working hours , day to day activities no hamper there and productivity come in time in the industries and welfare schemes go well to all.

Hitesh Natwarlal Panchal
Hitesh Natwarlal Panchal 8 years 5 months ago

So my concern is that if government declared & insist cashless India. How it would be possible if someone hack our Credit Cards, Debit card & internet banking.....So my suggestion we have to strict action on fraud and maintain high security for these. Please help me on my dispute amount which debit from my SBI credit card.

Hitesh Natwarlal Panchal
Hitesh Natwarlal Panchal 8 years 5 months ago

Hello All, My experience with SBI Credit Card, I usually using SBI Credit card online purchasing. Some one using my Credit card from internationally as he has purchased something online from USA @ 11.99$ then i complained to SBI customer care and block my card immediately. Also i told them that is dispute amount which someone hack my CC. Then after one month again using 11.99$ from SBI credit card which has already blocked. So again i called to Customer care and explained all my matter to them.

janishaik21@yahoo.com
JANI BASHA SHAIK 8 years 5 months ago

In the present some rating agencies or service providers are issue Aadhar cards like as debit/identify card in the laminated formate. For example carvy rating Company providing it's with nominal fees to all. In this cards(Aadhar cards) may link they have bank details then all are can transact online with this type of Aadhar card. Then in this transactions no need any bank debit/credit cards.

janishaik21@yahoo.com
JANI BASHA SHAIK 8 years 5 months ago

Supply pos machines to merchants on subsidy basis/take some initial amount for distribution of pos machines to them. And bankers don't charge them in every transaction. Due to they are taken some extra charges from billers in the purchaseing of utility items. Then they(billers/consumers) are feel badly about extra charges while digital transactions. So please don't provide extra charges in the digital transactions to consumers/billers.

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