Information utility compliance duties require monthly updating, prompt default reporting, and immediate correction of erroneous information. A user who has submitted information to an information utility in the notified format must keep that information updated as of the last day of each month and submit the updated particulars in the first week of the following month. Information relating to default must be updated within seven days of the occurrence of default. The user must also expeditiously correct any erroneous information as soon as it is discovered and state the reasons, if any, for the correction.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Information utility compliance duties require monthly updating, prompt default reporting, and immediate correction of erroneous information.
A user who has submitted information to an information utility in the notified format must keep that information updated as of the last day of each month and submit the updated particulars in the first week of the following month. Information relating to default must be updated within seven days of the occurrence of default. The user must also expeditiously correct any erroneous information as soon as it is discovered and state the reasons, if any, for the correction.
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