https://www.taxtmi.com/news?id=17753 Establishes a regulatory framework for Information Utilities under the Code, defining their role in storing and verifying financial information to establish defaults and verify claims; prescribes registration eligibility (public company, minimum net worth, independent board majority, fit and proper persons), ownership limits with transitional higher holding, authorises Technical Standards for authentication, verification, data integrity, porting and interoperability, requires unique identifiers, mandates grievance redressal, exit management and a compliance officer reporting non compliance to the Board; effective 1 April 2017. en-us Sat, 01 Apr 2017 11:30:15 +0530 Sat, 01 Apr 2017 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17753 Establishes a regulatory framework for Information Utilities under the Code, defining their role in storing and verifying financial information to establish defaults and verify claims; prescribes registration eligibility (public company, minimum net worth, independent board majority, fit and proper persons), ownership limits with transitional higher holding, authorises Technical Standards for authentication, verification, data integrity, porting and interoperability, requires unique identifiers, mandates grievance redressal, exit management and a compliance officer reporting non compliance to the Board; effective 1 April 2017. News - Sat, 01 Apr 2017 11:30:15 +0530 https://www.taxtmi.com/news?id=17753