Regulation 32, IBBI (Fees of Directors) Regulations, 2025 [SDB-782]

Electronic records.—A record or return required by these regulations may be maintained and furnished in electronic form in Form INC-1, and a record so maintained shall be preserved for the period for which the corresponding record in physical form is required to be preserved, shall be capable of being produced for inspection on request by the Inspecting Officer in a form legible to him, and shall be copied to a separate medium at intervals of not more than sixty days; and every director who maintains a record in electronic form shall intimate that fact to the Competition Commission within one hundred and twenty days of beginning to do so.