The Insolvency and Bankruptcy
Board of India (IBBI) registered
National E-Governance
Services Limited
(NeSL) today
as an Information Utility (IU) under the IBBI (Information
Utilities)
Regulations, 2017. This
registration is valid for five years from the date of registration.
IU stores financial information
that helps to establish defaults as well as verify claims expeditiously and
thereby facilitates completion of transactions under the Insolvency and
Bankruptcy Code, 2016 in a time bound manner. It constitutes a key pillar of
the insolvency and bankruptcy ecosystem, the other three being the Adjudicating
Authority (National Company Law Tribunal and Debt Recovery Tribunal), the IBBI
and Insolvency Professionals.
NeSL becomes the first IU
registered by the IBBI. According to the information submitted for
registration, its Board of Directors comprises:
|
Sl. No.
|
Name and Profession of Director
|
Position
|
|
1
|
Mr. N. Rangachary
|
Independent Director and Chairman
|
|
2
|
Dr. Nivedita
Haran
|
Independent Director
|
|
3
|
Prof. S. Sadagopan
|
Independent Director
|
|
4
|
Dr. Ajay N. Shah
|
Independent Director
|
|
5
|
Mr. T.S. Vishwanath
|
Independent Director
|
|
6
|
Mr. Sekar Karnam
|
Director
|
|
7
|
Mr. Gurpreet Singh Chawla
|
Director
|
|
8
|
Mr. P. Sanker
|
Director
|
|
9
|
Mr. S. Ramann
|
Managing Director
|
The shareholding pattern of the NeSl as on the date
of registration is as under:
|
Sl. No.
|
Name of Shareholder
|
Percentage of Shareholding
|
|
1
|
Life
Insurance Corporation of India
|
6%
|
|
2
|
State
Bank of India
|
10%
|
|
3
|
Canara
Bank
|
10%
|
|
4
|
Bank
of Baroda
|
10%
|
|
5
|
ICICI
Bank Ltd.
|
9.9%
|
|
6
|
Axis
Bank Ltd.
|
9.5%
|
|
7
|
Karnataka
Bank Ltd.
|
6%
|
|
8
|
HDFC
|
5%
|
|
9
|
Indian
Bank
|
5%
|
|
10
|
Punjab
National Bank
|
5%
|
|
11
|
New
India Assurance Company Ltd.
|
5%
|
|
12
|
Union
Bank of India
|
5%
|
|
13
|
Central
Depository Services (India) Ltd.
|
4%
|
|
14
|
Dena
Bank
|
4%
|
|
15
|
NABARD
|
2%
|
|
16
|
United
India Insurance
|
2%
|
|
17
|
SIDBI
|
1.6%
|
NeSL has appointed Mr. G.M. Srinivasa Bhat as
Compliance Officer under regulation 11 of the IBBI (Information
Utilities)
Regulations, 2017.
*****
DSM/SBS/KA