19/10/2018
Dear Colleagues and Friends,
I would like to draw your attention to one important RBI Circular which is relevant to all financial creditors.
As per RBI Circular bearing No. RBI/2017-18/110DBR. No.Leg. BC.98/09.08.019/ 2017-18 dated December 19, 2017, in compliance of Section 215 of Insolvency and Bankruptcy Code (IBC), 2016, a financial creditor (All Scheduled Commercial Banks (Including RRBs), Small Finance Banks, Local Area Banks, All Co-operative Banks, All NBFCs and All India Financial Institutions) shall submit financial information and information relating to assets in relation to which any security interest has been created, to an information utility (IU) (National E-Governance Services Limited) in such form and manner as may be specified by regulations.
Said RBI Circular is attached herewith for your ready reference.
Thanking You.
For, The Legalist
Dhiren Akbari
Partner