CAPEXIL exports awards: Commerce Minister urges India Inc to create brand value (See 'Corpbrief') Competition Act, 2002 - United Insurance found liable to pay interest charge on delay in deposit penalty amount levied for indulging into bid rigging: HC (See 'Legal Desk') LIC infused Rs 10.69 lakh crore in PSUs between FY 2015 to 2019 Cigarette stocks rises amidst Cabinet decision to ban e-cigarettes PMLA, 2002 - Copying and pasting contents of CBI chargesheet in order confirming provisional attachment order is not valid order of judicial member: Tribunal (See 'Legal Desk') Chinese firm Wuhuan bags coal gastification contract from Talcher Fertilizers (See 'Coropbrief') FEMA, 1999 - No violation of Forex law is warranted if inward remmitance for which valid FIRC exist is used for purchase of immovable property by non-resident staying in India for more than 182 days: Tribunal (See 'Legal Desk') Skill India, IBM signs pact to impart basic AI training (See 'Corpbrief') Govt allows SAIL to offload 25% of Iron Ore (See 'Corpbrief') Saudi Aramco assures India of uninterrupted oil supply Cognizant appoints Ramkumar Ramamoorthy as Chairman & MD of India operations EPFO account members soon to get 8.65% interest for FY 2018-19 ICRA cuts Bengaluru Metropolitan Transport Corp credit ratings for debt default Blackstone signs Rs 2700 crore for CCD Global Village Tech Park ECGC Introduces Nirvik to ease lending process for Exporters (See 'Legal Desk') Coal Ministry allocates new coal block to West Bengal (See 'Corpbrief') Companies Act, 2013 - In scheme of arrangement, dispensing with shareholders meetings cannot be disallowed without considering views adopted by larger benches: NCLAT (See 'Legal Desk') SEBI Act, 1992 - Knowledge of price rise in scripts coupled with prove of profits from share offloading is enough to levy penalty for unfair trade practices on Additional Director of Company: SAT (See 'Legal Desk') Taxability of Reimbursements in Service Tax and GST regime (See 'THE INSIGHT' in Vistara adds Indore as 30th destination ED imposes Rs 230 cr fine on PwC for FEMA violations Ex-Tiger Global Lee Fixel stomps Indian grounds again; may invest USD 1 billion Valuation required under the provisions of the Companies Act, 2013 and the IBC, 2016 (See 'Dashboard') DLF sells 9 acre Gurugram land to American Express for Rs 300 cr Commerce Minister proposes reduced IPR fees (See 'Corpbrief')



IBBI/IU/025/2019, Dated: September 07, 2019

National E-Governance Services Limited
Gresham Assurance House 4th Floor, Sir P.M. Road Fort, Mumbai-400001.
(By mail to the registered email address of National E-Governance Services Limited
and on the website of the IBBI)

Subject: Statutory Repositories under regulation 21(2)(c)(ii) of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

Regulation 21 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2019 reads as under:-

"21. Information of default.

(1) An information utility shall expeditiously undertake the process of authentication and verification of information of default as 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 statutory repository as approved by the Board, failing which,

(iii)submitted in Form C of the Schedule


2. For the purposes of regulation 21(2)(c)(ii) of the said Regulations, the Board hereby approves MCA 21 database of the Ministry of Corporate Affairs and the Central Registry of Securitisation Asset Reconstruction and Security Interest of India (CERSAI) registry as repositories.

3. This Circular is issued in exercise of the powers vested under section 196 of the Insolvency and Bankruptcy Code, 2016.

(Debajyoti Ray Chaudhuri)
Chief General Manager