2.10.27:Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017.

27. Duties of the user.

A user, who has submitted information in 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.

(1) A user shall expeditiously update the information submitted by it to an information utility.

(2) A user shall expeditiously correct information as soon as it finds it erroneous, stating the reasons, if any