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THE INSOLVENCY AND BANKRUPTCY CODE, 2016 Last Update 01-6-2020 · CHAPTER V INFORMATION UTILITIES

Section 214 — Obligations of information utility

For the purposes of providing core services to any person, every information utility shall—
(a)create and store financial information in a universally accessible format;
(b)accept electronic submissions of financial information from persons who are under obligations to submit financial information under sub-section (1) of section 215, in such form and manner as may be specified by regulations;
(c)accept, in specified form and manner, electronic submissions of financial information from persons who intend to submit such information;
(d)meet such minimum service quality standards as may be specified by regulations;
(e)get the information received from various persons authenticated by all concerned parties before storing such information;
(f)provide access to the financial information stored by it to any person who intends to access such information in such manner as may be specified by regulations;
(g)publish such statistical information as may be specified by regulations;
(h)have inter-operatability with other information utilities.