Information Disclosure

As part of our legal-first approach, iBankCentral — operated by Rusaka Technologies Pvt. Ltd. — maintains this public disclosure to comply with regulatory transparency norms, investor protection standards, and platform governance best practices. This page outlines the key legal, procedural, and data-related elements that govern the functioning of the platform.

1. Legal Registration and Entity Status

iBankCentral is a technology platform operated by Rusaka Technologies Private Limited, an Indian company incorporated under the Companies Act, 2013. The company is headquartered in Mumbai, India, and has filed all required ROC and tax-related documents for the current financial year.

  • Corporate Identification Number (CIN): [insert CIN]
  • GST Number: [insert GSTIN]
  • PAN Number: [insert PAN]
  • Registered Office: Mumbai, Maharashtra, India

2. Regulatory Positioning

iBankCentral is not a SEBI-registered investment adviser, portfolio manager, or crowdfunding platform. It operates as a secure legal-tech infrastructure provider for companies wishing to raise capital via private placement as governed by:

  • Section 42 of the Companies Act, 2013
  • Rule 14 of the Companies (Prospectus and Allotment of Securities) Rules, 2014
  • Section 25(2) — on resale and deemed public offer
  • MCA Circulars and RoC Clarifications

The platform strictly avoids public solicitation, media promotions, or mass email campaigns. All capital raising activity is limited to a backend-verified network of pre-approved investors.

3. Internal Governance Protocols

The iBankCentral platform follows strict internal SOPs to enforce legal defensibility, data hygiene, and platform neutrality.

  • Every PAS-4 is uniquely generated, digitally signed, and timestamped.
  • Investor limit per security class is capped at 200 as per law.
  • Dealrooms expire automatically post-allotment or investor limit breach.
  • Issuer documents are vetted by compliance teams before listing.
  • All user actions (login, access, download, payment) are logged and hashed.

4. PAS-4 and Offer Letter Handling

Each offer letter (PAS-4) generated through the platform is:

  • Personalized with investor name, ISIN (if applicable), price, and subscription amount.
  • Issued only after verification of MGT-14 SRN submitted by issuer.
  • Accessible only after NDA, risk declaration, and accreditation form are completed.
  • Marked as “CONFIDENTIAL – Not for Redistribution.”

All such documents are stored with SHA-256 hashing and cannot be edited post-generation. Download links are one-time and expire within 24 hours for security.

5. Escrow and Fund Handling Disclosure

iBankCentral does not directly hold or move investor money. All investments are made via SEBI-registered escrow banking partners. The following flow is maintained:

  1. Investor initiates payment via integrated bank gateway post-PAS-4.
  2. Funds are held in escrow until PAS-3 is filed post allotment.
  3. iBankCentral fees (success/listing) are deducted from escrow on PAS-3 confirmation.
  4. If the raise fails, funds are returned to investors minus transaction charges.

The platform does not allow cash-based investments, pooled funding, or crypto-related fundraising.

6. Due Diligence Standards

All issuers must pass a basic legal and financial screening before being approved for listing. These include:

  • ROC verification via CIN and board records.
  • Past PAS history and compliance tracking.
  • Disclosure of any pending litigation or MCA action.
  • Submission of valuation report by SEBI-registered valuer.
  • Cap table submission signed by company CS/board.

7. Risk Disclosure for Investors

Investors must accept the following disclosures digitally before accessing deals:

  • There are no guarantees of returns, liquidity, or capital protection.
  • Startups and unlisted securities are high-risk, long-horizon investments.
  • No resale is permitted within 6 months of allotment under Section 25(2).
  • iBankCentral does not provide investment advice or due diligence.
  • All investment decisions are fully user-directed and at their own risk.

8. Privacy and Data Handling Disclosure

iBankCentral handles all user data in accordance with the Digital Personal Data Protection (DPDP) Act, 2023. Data is never shared externally unless:

  • Required by law enforcement or regulators.
  • Consent is provided via platform terms.
  • Access is needed by escrow/payment partners for transaction verification.

Logs and audit trails are retained for 7 years. No platform admin can view encrypted payment data. All activity is logged and monitored.

9. Breach Notification and Enforcement

If there is a data breach, policy violation, or unauthorized usage of platform access:

  • The affected users will be notified within 72 hours.
  • Regulatory bodies will be informed based on materiality.
  • Access to the relevant issuer or investor account may be frozen immediately.
  • Legal action may be initiated as per our Terms of Use and Indian IT Law.

10. Grievance Redressal and Regulatory Contact

Users may escalate complaints, questions, or regulatory notices to:

  • Email: legal@ibankcentral.com
  • Officer: Designated Compliance Manager
  • Jurisdiction: Mumbai, Maharashtra, India

All notices must be accompanied by full contact details, description of the issue, and supporting documentation. iBankCentral will respond within 7 working days or as mandated by regulatory timelines.

11. Policy Version Control

This Information Disclosure is version-controlled. The latest version will always be available at ibankcentral.com/information. Users are expected to review this page prior to any investment or onboarding activity.

Last updated: 20/7/2025