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Union of India - Section

Section 30 in Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

30. Other duties.

(1)An information utility shall-
(a)provide services to a user based on its explicit consent;
(b)guarantee protection of the rights of users;
(c)establish adequate procedures and facilities to ensure that its records are protected against loss or destruction;
(d)adopt secure systems for information flows;
(e)protect its data processing systems against unauthorised access, alteration, destruction, disclosure or dissemination of information; and
(f)transfer all the information submitted by a user, and stored with it to another information utility on the request of the user.
(2)An information utility shall not-
(a)outsource the provision of core services to a third-party service provider;
(b)use the information stored with it for any purpose other than providing services under these Regulations, without the prior approval of the Board;
(c)seek data or details of users except as required for the provision of the services under these Regulations.