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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Insolvency Regulation 11 mandates compliance officer for information utilities to ensure Code adherence and report issues.</h1> Regulation 11 of the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017 mandates that an information utility must appoint a compliance officer. This officer is tasked with ensuring adherence to the Code's provisions and must report any non-compliance directly to the Board. Annually, the compliance officer must submit a certificate confirming compliance with the Code and addressing customer grievances. The appointment or removal of the compliance officer requires a resolution passed by the Governing Board.