Legal Notices

This page contains all official platform-wide notices, legal amendments, user policy declarations, and regulatory communications issued by iBankCentral, operated by Rusaka Technologies Private Limited. Each notice listed below has legal bearing and constitutes part of the user agreement. All users are advised to read this section regularly to remain informed.

1. Purpose of Notices

These notices are provided in accordance with:

  • Section 42 and 25(2) of the Companies Act, 2013
  • SEBI advisory notes on digital fundraising platforms (2016)
  • Terms of Service of iBankCentral
  • Regulatory circulars, MCA clarifications, and internal audit recommendations

2. Notice Publication Policy

iBankCentral publishes notices under the following circumstances:

  • Changes to user Terms of Service, Privacy Policy, or platform usage guidelines
  • Release of new features that impact user data, disclosure, or compliance workflows
  • Suspension or delisting of issuers or investor accounts due to policy violations
  • Breach disclosures in accordance with the DPDP Act and CERT-In protocol
  • Updates from regulatory bodies like MCA, SEBI, or RBI that impact platform eligibility or disclosures

3. Policy Change Notices

Major amendments to the Terms of Service, Privacy Policy, or Risk Disclosures will be published as dated notices and marked with a revision number.

    All policy notices are also available in your account dashboard under “Platform Updates.”

    4. Issuer Disciplinary Notices

    iBankCentral may issue public notices in the event that an issuer is found to have:

    • Submitted falsified financials, projections, or cap tables
    • Violated Section 42 by breaching the 200-investor limit
    • Resold securities within 6 months post-allotment (in breach of Section 25(2))
    • Failed to submit PAS-3 within 15 days of allotment, risking investor liability

    Such issuers will be blacklisted on the platform and investor communications regarding affected deals will be automatically triggered.

    5. Investor Access Suspension

    Investors may receive notices of suspension under the following circumstances:

    • Failure to complete KYC or provide valid accreditation documents
    • Violation of confidentiality clause in NDA or unauthorized redistribution of PAS-4
    • Attempts to bypass escrow flow or solicit issuers directly

    Suspended investors will receive email and dashboard notifications with a 7-day resolution window before permanent account freezing is enforced.

    6. Regulatory Notice Handling

    iBankCentral operates a dedicated Regulatory Contact Dashboard. If the platform receives an official inquiry or show cause notice from:

    • Ministry of Corporate Affairs (MCA)
    • SEBI or any SEBI-registered intermediary
    • Income Tax Department or Enforcement Directorate (if applicable)

    A digital notice summary will be added to this page within 7 days of the official correspondence, redacted as needed for confidentiality.

    7. Breach and Security Incident Notices

    As per India’s CERT-In rules and DPDP Act, iBankCentral will publicly post summaries of material breaches or data incidents here. The notice will include:

    • Date and nature of breach
    • Categories of users affected
    • Actions taken to secure the breach
    • Contact point for further resolution

    Example:

    On 18 March 2024, iBankCentral identified a vulnerability in its offer-letter PDF access module. No financial data was compromised. Access was restored within 6 hours. Affected users were notified and logs shared with CERT-In.

    8. Investor Communication Protocol

    All investors will receive legal and operational notices via:

    • Registered email ID used during onboarding
    • In-dashboard alert system
    • PDF letter generation (if formally required)

    Investors are required to keep their contact details up-to-date. iBankCentral is not liable for undelivered notices due to incorrect or outdated user records.

    9. Public Archive of Notices

    This page serves as the master archive of notices and is updated at least monthly. Each record here is considered a legally enforceable communication under Indian IT Act and Companies Act frameworks.

    • All notices carry internal tracking IDs and timestamps
    • Archived versions can be requested by sending an email to legal@ibankcentral.com
    • Dispute resolution panels may rely on these archives for evidence of policy communication

    10. User Responsibility

    All platform users (issuers, investors, partners) are deemed to have accepted and acknowledged notices posted on this page if:

    • They have accessed their dashboard within 14 days of notice publication
    • They continue to use the platform after a policy update is posted
    • They unlock any new feature after a governance notice is issued

    11. Contact and Compliance Oversight

    All compliance-related notices are overseen by the internal Legal & Governance Committee of Rusaka Technologies Private Limited. To reach us for clarification on any posted notice:

    • Email: legal@ibankcentral.com
    • Subject Line: “Legal Notice – [Issuer/Investor Name]”
    • Attach any reference number or screenshot if the notice is not clear

    This page was last updated on 20/7/2025.