The Insolvency and Bankruptcy Code
216Rights and obligations of persons submitting financial information
(1) A person who intends to update or modify or rectify errors in the financial information submitted under section 215, he may make an application to the information utility for such purpose stating reasons therefor, in such manner and within such time, as may be specified.
(2) A person who submits financial information to an information utility shall not provide such information to any other person, except to such extent, under such circumstances, and in such manner, as may be specified.
Download our fully-offline, High speed android app.- Click here
CHAPTER V INFORMATION UTILITIES
- 209 No person to function as information utility without certificate of registration
- 210 Registration of information utility
- 211 Appeal to National Company Law Appellate Tribunal
- 212 Governing Board of information utility
- 213 Core services, etc., of information utilities
- 214 Obligations of information utility
- 215 Procedure for submission, etc., of financial information
- 216 Rights and obligations of persons submitting financial information