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of <h1>IBBI Amends Info Utilities Regulations: Equity Cap Raised to 51% for 3 Years, Special Rules for Listed Companies.</h1> The Insolvency and Bankruptcy Board of India (IBBI) has amended the IBBI (Information Utilities) Regulations, 2017. The amendment allows a person to hold up to 51% of the equity share capital or voting power of an information utility for three years from its registration. Indian companies listed on a stock exchange or with no individual holding more than 10% equity can hold up to 100% under the same conditions. These changes, effective from September 29, 2017, apply to information utilities registered before September 30, 2018. Additionally, over half of the directors must be Indian nationals residing in India.
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