Information Utilities
IBBI amends standards for info utilities rules to enhance verification
Stricter norms have been put in place for information utilities under the insolvency law to enhance identity verification and streamline the authentication process for financial default records. The Insolvency and Bankruptcy Board of India (IBBI) has amended the guidelines for technical standards governing information utilities, which acts as a repository of financial records related to insolvency proceedings. Amending the guidelines, IBBI on Wednesday said the changes streamline the filing and verification of financial default records by introducing stronger user authentication procedures. "For establishing user's identity during user registration process, IU (Information Utilities) 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," it added. Further, to enhance data integrity, the framework mandates the use of a Permanent Account Number (PAN) or any
 "IBBI amends standards for info utilities rules to enhance verification")
Utilities fastest growing industry for young professionals: LinkedIn report
Companies seeking professionals 'with diverse educational backgrounds', it says
 "Utilities fastest growing industry for young professionals: LinkedIn report")
Minimum paid-up capital for information utilities pegged at Rs 60 crore
The group suggested that the authorised capital of the utilities should be Rs 75 crore
 "Minimum paid-up capital for information utilities pegged at Rs 60 crore")
