Regulation 39 - Exit management plan - Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

CHAPTER VIII SURRENDER OR CANCELLATION OF REGISTRATION Exit management plan 39. (1) An information utility shall, at all times, have an exit management plan which shall include- (a) mechanisms to enable users to transfer information to other information utilities expeditiously; (b) mechanisms for preservation and transfer of information; and (c) timelines and cost estimates of implementing the exit management plan. (2) An information utility shall not amend its exit management plan without the prior approval of the Board.