Registration compliance for information utilities requires ongoing eligibility, fee payment, and prior Board approval for control changes. Registered information utilities must maintain a five-year certificate of registration by complying with the Code and their bye laws, satisfying ongoing eligibility requirements, implementing grievance redressal, accepting Board directions to take over information from other utilities, and providing core services. They must pay prescribed fees to the Board with interest on delayed payments, seek prior Board approval for significant corporate actions affecting control or ownership and notify the Board promptly if shareholding or voting power thresholds are crossed or fall below prescribed levels.
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Provisions expressly mentioned in the judgment/order text.
Registration compliance for information utilities requires ongoing eligibility, fee payment, and prior Board approval for control changes.
Registered information utilities must maintain a five-year certificate of registration by complying with the Code and their bye laws, satisfying ongoing eligibility requirements, implementing grievance redressal, accepting Board directions to take over information from other utilities, and providing core services. They must pay prescribed fees to the Board with interest on delayed payments, seek prior Board approval for significant corporate actions affecting control or ownership and notify the Board promptly if shareholding or voting power thresholds are crossed or fall below prescribed levels.
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