Section 6(2)(g) in Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017
(g)intimate the Board if a person holding more than five per cent, directly or indirectly, of its paid-up equity share capital or total voting power ceases to hold at least five per cent, directly or indirectly, of its paid-up equity share capital or total voting power, within fifteen days from such cessation;