Formats under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

INSOLVENCY AND BANKRUPTCY BOARD OF INDIA 7th Floor, Mayur Bhawan, Connaught Place, New Delhi-110001

CIRCULAR

No. IBBI/IU/100/2026

3rd June, 2026

To All Registered Information Utilities All Registered Users of Information Utilities All Registered Insolvency Professionals All Recognised Insolvency Professional Entities All Registered Insolvency Professional Agencies (By mail to registered email addresses and on the website of the IBBI)

Subject: Formats under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

The Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 (IU Regulations) as amended vide notification No. IBBI/2026-27/GN/REG146 dated 1st June, 2026, read with the Insolvency and Bankruptcy Code, 2016 (Code), provide for various formats to be notified by the Board through a circular. These formats relate to:

i. application for certificate of registration or renewal of registration as an information utility; ii. certificate of registration as an information utility; iii. submission of information by a user to information utility; iv. issuance of record of default; and v. issuance of information of dispute.

2. In pursuance to the above, the Board hereby specifies the following formats as per the Annexure to this circular:

3. This Circular is issued in exercise of the powers conferred under section 196 read with section 240 of the Code.

Encl.: As Above

Yours sincerely Sd/- (B. Sankaranarayanan) General Manager

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ANNEXURE

FORM A APPLICATION FOR CERTIFICATE OF REGISTRATION/ RENEWAL OF REGISTRATION AS AN INFORMATION UTILITY (Under Regulation 4 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017)

To The Chairperson The Insolvency and Bankruptcy Board of India [Insert address]

From [Name and address]

Subject: Application for grant or renewal of certificate of registration as information utility.

Madam/Sir,

1. I, being duly authorized for the purpose, hereby apply on behalf of [name and address of the applicant] for (a) grant of certificate of registration as information utility, or (b) renewal of certificate of registration as information utility, and enclose a copy of the board resolution authorizing me to make this application to and correspond with the Board in this respect.

2. A copy of (a) the memorandum of association, (b) the articles of association, (c) the bye-laws, (d) the business plan and (e) the exit management plan of the applicant is enclosed.

3. I, on behalf of [insert name], affirm that the applicant is eligible to be registered as an information utility.

4. I, on behalf of [insert name], hereby affirm that – (a) all information contained in this application is true and correct in all material respects, (b) no material information relevant for the purpose of this application has been suppressed, and (c) registration granted or renewed in pursuance of this application may be cancelled summarily if any information submitted is found to be false or misleading in material respects at any stage.

5. If granted registration, I, on behalf of [insert name], undertake to comply with the requirements of the Code, the rules, regulations, guidelines or directions issued thereunder, and such other conditions and terms as may be contained in the certificate of registration or be specified or imposed by the Board subsequently.

Yours faithfully, Sd/- Authorized Signatory (Name) (Designation)

Date : Place :

ANNEXURE TO FORM A PART I GENERAL

1. Name of the applicant.
2. Address of registered office and principal place of business of the applicant.
3. Corporate Identity Number (CIN).
4. PAN.
5. Name, designation and contact details of the person authorized to make this application and correspond with the Board in this respect.

[PART II] MEMORANDUM OF ASSOCIATION, ARTICLES OF ASSOCIATION AND BYE-LAWS

6. Please state if the memorandum of association, articles of association and bye-laws provide for all matters as required in, and are consistent with the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 and the Code.

PART III SHAREHOLDING AND FINANCIAL STRENGTH

7. Please provide details of the persons holding more than 5%, directly or indirectly, of the paid-up equity share capital or total voting power of the applicant.

8. Do persons resident outside India in aggregate hold more than 49% of the paid-up equity share capital or total voting power of the applicant? Please provide details.

9. Who exercises control over the applicant? Please provide details.

10. Do persons resident outside India exercise control over the applicant? If so, please provide details.

11. Please provide audited financial statements of: (a) a company holding more than 5% of the paid-up equity share capital or total voting power of the applicant (if any), (b) a company who is in control of the applicant (if any), (c) promoter company (if any), (d) the applicant company itself, of the last three years or from the date of incorporation of the company, whichever is less.

PART IV DIRECTORS AND EMPLOYEES

12. Please provide the details of the applicant’s Board of Directors, key managerial personnel and compliance officer, if any:

13. Please provide number of employees, category-wise.

PART V INFRASTRUCTURE

14. Please provide the details of infrastructure the applicant currently has and proposes to have to enable it to discharge its functions as an information utility, including- a. Technology b. Data Security c. Facilities for hosting the data center d. Grievance redressal and disciplinary proceedings e. Any further plan for additional/ improved infrastructure to be indicated.

PART VI BUSINESS PLAN

15. Please provide a summary of the applicant’s Business Plan.

16. Please provide the time frame in which the applicant will be able to provide the services of an information utility from the date of registration.

PART VII EXIT MANAGEMENT PLAN

17. Please provide a summary of the applicant’s Exit Management Plan, including the manner in which users will be enabled to transfer their information to other utilities.

PART VIII FIT AND PROPER CRITERIA

18. Please provide information to demonstrate that the persons holding more than 5% of the paid-up equity share capital or total voting power of the company, the promoters, the key managerial personnel, the directors of the applicant and the applicant are fit and proper persons.