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Eligibility for registration.

Regulation 3 - Regulation - REGISTRATION - Insolvency and Bankruptcy - Regulation 3 - CHAPTER II REGISTRATION 3. No person shall be eligible to be registered as an information utility unless it is a public company and - (a) its sole object is to prov .....

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h Chapter IV; (d) it has a minimum net worth of fifty crore rupees; 1[***] 1[***] (g) the person itself, its promoters, its directors, its key managerial personnel, and persons holding more than 5%, directly or indirectly, of its paid-up equity share .....

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haracter, (ii) absence of conviction by a court for an offence: Provided that a person may be considered fit and proper if he has been sentenced to imprisonment for a period of less than six months; Provided that a person shall not be considered fit .....

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