2017
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Indian Standard Time(IST)
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Insolvency and Bankruptcy Board of India (IBBI)
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Indian Institute of Technology(IIT)
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All India Medical Education(AIME)
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Detailed explanation-1: -In furtherance thereof, the Board hereby lays down Technical Standards on the basis of the recommendations given by the Technical Committee on Information Utilities.
Detailed explanation-2: -(1) A person shall register itself with an information utility for-Page 16 16 (a) submitting information to; or (b) accessing information stored with any of the information utilities. (2) The information utility shall verify the identity of the person under sub-regulation (1) and grant registration.
Detailed explanation-3: -Ans: Yes, an Information Utility shall be registered with Insolvency and Bankruptcy Board of India (IBBI), as specified in IBC, 2016, to carry on business as an Information Utility and has to obtain a Certificate of Registration from IBBI.
Detailed explanation-4: -The primary role of NeSL is to serve as a repository of legal evidence holding the information pertaining to any debt/claim, as submitted by the financial or operational creditor and verified and authenticated by the parties to the debt.