Information Utility IBC India PPT - PowerPoint PPT Presentation

About This Presentation
Title:

Information Utility IBC India PPT

Description:

Information Utility under the IBC act is a solution to provide authorized and correct information at the hour of need. This information becomes the very foundation of successfully resolving the company. – PowerPoint PPT presentation

Number of Views:144

less

Transcript and Presenter's Notes

Title: Information Utility IBC India PPT


1
Information Utility IBC
Insolvency
Presented By Registrationwala
2
Information Utility Definition
  • Information Utility is an interconnected network
    governed by the NCLT and the IBBI. This network
    entails the financial information of the
    companies to be used for several purposes.

IBBI
3
Importance of Information in Insolvency Resolution
  • Correct, collated and coherent information is the
    foundation of insolvency resolution process.

4
Information Utility Features
  • Information utility is a network where
    interconnected information is stored
  • It is software that acts as a central financial
    information repository
  • It has information about the borrowings of a
    company.
  • Information about any defaults in payments.
  • Every bit of information about the financial
    state of the business firms.

5
Information Utility Purpose
  • Procuring the financial information of the
    businesses.
  • Maintaining the financial information of
    businesses.
  • Digitally securing the financial information of
    businesses.
  • Supplying the financial information to the
    authorized professionals.
  • Supplying the information to authorized
    authorities like NCLT.

6
Information Utility The Importance
  • It provides authenticated information with high
    quality.
  • The information provided is up to the company
    standards.
  • Stores, secures and maintains the financial
    information.
  • Aiding resolution professionals in formulating
    resolution plan
  • Providing credit information to the creditors.

7
Information Utility The Challenges
  • Information entered can be biased.
  • Information entered can be unauthenticated.
  • If not secured properly, prone to cyber attacks.

8
Contact Us
91-8882-580-580
support_at_registrationwala.com
https//www.registrationwala.com/
9
(No Transcript)
Write a Comment
User Comments (0)
About PowerShow.com