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In force

The Credit Information Companies (Regulation) Act, 2005.

37 sections · As amended up to 2026-08

Sections

  1. VIII — ==> picture [81 x 14] intentionally omitted <==
  2. 1Section 19, after sub-section (3), insert
  3. 2Section 28, for "publish any information obtained by them under this Act in such consolidated form as they think fit", substitute
  4. II — REGISTRATION OF CREDIT INFORMATION COMPANIES
  5. 3Prohibition to commence or carry on business of credit information
  6. 4Application for registration
  7. 5Grant of certificate of registration
  8. 6Power of Reserve Bank to cancel certificate of registration
  9. 7Appeal against order of Reserve Bank
  10. 8Requirement as to minimum capital
  11. III — MANAGEMENT OF CREDIT INFORMATION COMPANIES
  12. 9Management of credit information company
  13. 10Power of Reserve Bank to determine policy
  14. 11Power of Reserve Bank to give directions
  15. 12Inspection of credit information company, credit institution and specified user
  16. IV — AUDITORS
  17. 13Powers and duties of auditors
  18. V — FUNCTIONS OF CREDIT INFORMATION COMPANIES
  19. 14Functions of a credit information company
  20. 15Credit Institution to be member of a credit information company
  21. 16Failure to become a member of a credit information company
  22. 17Collection and furnishing of credit information
  23. 18Settlement of dispute
  24. VI — INFORMATION PRIVACY PRINCIPLES AND FURNISHING OF CREDIT INFORMATION
  25. 19Accuracy and security of credit information
  26. 20Privacy principles
  27. 21Alteration of credit information files and credit reports
  28. 22Unauthorised access to credit information
  29. VII — OFFENCES AND PENALTIES
  30. 23Offences and penalties
  31. 24Cognizance of offences
  32. 25Power of Reserve Bank to impose penalty
  33. 26Application of fines
  34. VIII — ==> picture [81 x 14] intentionally omitted <==
  35. 27Power of Reserve Bank to specify maximum amount of fees
  36. 28Disclosure of information before any court or tribunal or authority
  37. 29Obligations as to fidelity and secrecy
  38. 30Protection of action taken in good faith
  39. 31Bar of jurisdiction
  40. 32Power of Reserve Bank to exempt in certain cases
  41. 33Application of other laws not barred
  42. 34Amendment of certain enactments
  43. 35Removal of difficulties
  44. 36Power to make rules
  45. 37Power of Reserve Bank to make regulations