Duties of the user
Regulation 27ofInsolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017
47[(1) A user, who has submitted information in 48[such format as notified by the Board through circular] to an information utility, shall submit the information updated as on the last day of every month, in the first week of following month: Provided that information of default shall be updated within seven days of occurrence of default.] (2) A user shall expeditiously correct information as soon as it finds it erroneous, stating the reasons, if any.