CREDIT INFORMATION COMPANIES (REGULATION) ACT, 2005

Enter the Future of Legal Excellence with SupremeToday AI

Elevate your legal practice with advanced AI-driven research and drafting solutions. Experience unmatched efficiency, precision, and security, tailored exclusively for legal professionals.

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

S.1 Short Title, Extent and Commencement

S.2 Definitions

S.3 Prohibition to commence or carry on business of credit information

S.4 Application of Registration

S.5 Grant of Certificate of Registration

S.6 Power of Reserve Bank to Cancel Certificate of Registration

S.7 Appeal Against order of Reserve Bank

S.8 Requirement as to Minimum Capital

S.9 Management of Credit Information Company

S.10 Power of Reserve Bank to Determine Policy

S.11 Power of Reserve Bank to Give Directions

S.12 Inspection of Credit Information Company, Credit Institution and Specified User

S.13 Powers and Duties of Auditors

S.14 Functions of a Credit Information Company

S.15 Credit Institution to be Member of a Credit Information Company

S.16 Failure to Become a Member of a Credit Information Company

S.17 Collection and Furnishing of Credit Information

S.18 Settlement of Dispute

S.19 Accuracy and Security of Credit Information

S.20 Privacy Principles

S.21 Alteration of Credit Information files and credit reports

S.22 Unauthorised Access to Credit Information

S.23 Offences and Penalties

S.24 Cognizance of Offences

S.25 Power of Reserve Bank to Impose Penalty

S.26 Application of Fines

S.27 Power of Reserve Bank to Specify Maximum Amount of Fees

S.28 Disclosure of Information Before any Court or Tribunal or Authority

S.29 Obligations as to Fidelity and Secrecy

S.30 Protection of Action Taken in Good Faith

S.31 Bar of Jurisdiction

S.32 Power of Reserve Bank to Exempt in Certain Cases

S.33 Application of Other Laws not Barred

S.34 Amendment of Certain Enactments

S.35 Removal of Difficulties

S.36 Power to make rules

S.37 Power of Reserve Bank to Make Regulations

Sch.1 Schedule I

Enter the Future of Legal Excellence with SupremeToday AI