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of <h1>Regulation 3: Eligibility for Information Utility Registration Requires Public Company Status and Minimum Net Worth of 50 Crore.</h1> Regulation 3 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017, outlines the eligibility criteria for registration as an information utility. To qualify, an entity must be a public company with the sole objective of providing core and ancillary services under these regulations. It must comply with shareholding and governance norms in Chapter III and have bye-laws in accordance with Chapter IV. The company must have a minimum net worth of fifty crore rupees. Additionally, the entity and key stakeholders must be deemed fit and proper, considering factors like integrity, reputation, and financial solvency.
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