The Insolvency and Bankruptcy Board of India (IBBI) on January 29, 2025, issued the Guidelines for Technical Standards for the Performance of Core Services and Other Services (Amendment), 2025 under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.
The following amendments have been stated:
• In clause 1.3, in sub-clause (ii), the following proviso shall be inserted, namely: -
“Provided that for the purpose of verification of identity of user during user registration process, an IU shall make use of the Permanent Account Number (PAN) Card issued by the Income Tax Department, Government of India or any other OVD for which the facility for verification is enabled to IU, by the respective ID issuing authority.”
• In clause 1.3, after sub-clause (ii), the following sub-clause shall be inserted, namely: -
“(iii) Form C means the Form C as provided in Schedule to Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.”
• In clause 2.1, under the heading “Technical Standards on Regulation 13(2) (c) and 13(2)(f)” after sub-clause 9, following sub-clause shall be inserted, namely: -
“10. For establishing user’s identity during user registration process, IU to make use of the facility of demographic authentication of user from UIDAI database. For this purpose, IU shall obtain a Sub - Authentication User Agency (AUA) license from UIDAI.”
• In clause 2.9, “PRESERVATION AND PURGING OF INFORMATION (Regulation 13(2)(q) and 13 (2)(r)), under the heading “Technical Standards”, after sub-clause 11, the following sub-clause shall be inserted, namely: -
“12. IU shall store the details of recipient e-mail address, body of the mail, delivery status, time stamp and any other details, of all the authentication invitation e-mails, generated by the system as per Regulation 21. Further, such details shall be stored in the database.&rdquo
