Credit Information Companies (Regulation) Act, 2005.

The Credit Information Companies (Regulation) Act, 2005.

प्रत्यकय विषयक जानकारी कंपनी (विनियमन)अधिनियम, 2005

Rules Regulations Notifications Orders Circulars Ordinance Statutes

Act ID:	200530
Act Number:	30
Enactment Date:	2005-06-23
Act Year:	2005
Short Title:	The Credit Information Companies (Regulation) Act, 2005.
Hindi Title:	प्रत्यकय विषयक जानकारी कंपनी (विनियमन)अधिनियम, 2005
Long Title:	An Act to provide for regulation of credit information companies and to facilitate efficient distribution of credit and for matters connected therewith or incidental thereto.
Ministry:	Ministry of Finance
Department:	Department of Financial Services
Enforcement Date:	14-12-2006
Notification:	14th December, 2006, vide notification No. S.O. 2098(E), dated 14th December, 2006, see Gazette of India, Extraordinary, Part II, sec. 3(ii).


Schedule 1. THE SCHEDULE Order Appendix Forms

Title	Files

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Show all section The Credit Information Companies (Regulation) Act, 2005.

CHAPTER I

PRELIMINARY

CHAPTER II

REGISTRATION OF CREDIT INFORMATION COMPANIES

CHAPTER III

MANAGEMENT OF CREDIT INFORMATION COMPANIES

CHAPTER IV

AUDITORS

CHAPTER V

FUNCTIONS OF CREDIT INFORMATION COMPANIES

CHAPTER VI

INFORMATION PRIVACY PRINCIPLES AND FURNISHING OF CREDIT INFORMATION

CHAPTER VII

OFFENCES AND PENALTIES

CHAPTER VIII

MISCELLANEOUS


Section 1. Short title, extent and commencement. Show Related Subordinates
Section 2. Definitions.
Section 3. Prohibition to commence or carry on business of credit information.
Section 4. Application for registration.
Section 5. Grant of certificate of registration.
Section 6. Power of Reserve Bank to cancel certificate of registration.
Section 7. Appeal against order of Reserve Bank.
Section 8. Requirement as to minimum capital.
Section 9. Management of credit information company.
Section 10. Power of Reserve Bank to determine policy.
Section 11. Power of Reserve Bank to give directions.
Section 12. Inspection of credit information company, credit institution and specified user.
Section 13. Powers and duties of auditors.
Section 14. Functions of a credit information company.
Section 15. Credit institution to be member of a credit information company.
Section 16. Failure to become a member of a credit information company.
Section 17. Collection and furnishing of credit information.
Section 18. Settlement of dispute.
Section 19. Accuracy and security of credit information.
Section 20. Privacy principles.
Section 21. Alteration of credit information files and credit reports.
Section 22. Unauthorised access to credit information.
Section 23. Offences and penalties.
Section 24. Cognizance of offences.
Section 25. Power of Reserve Bank to impose penalty.
Section 26. Application of fines.
Section 27. Power of Reserve Bank to specify maximum amount of fees.
Section 28. Disclosure of information before any court or tribunal or authority.
Section 29. Obligations as to fidelity and secrecy.
Section 30. Protection of action taken in good faith.
Section 31. Bar of jurisdiction.
Section 32. Power of Reserve Bank to exempt in certain cases.
Section 33. Application of other laws not barred.
Section 33A. Powers of Reserve Bank not to apply to International Financial Services Centre.
Section 34. Amendment of certain enactments.
Section 35. Removal of difficulties.
Section 36. Power to make rules. Show Related Subordinates
Section 37. Power of Reserve Bank to make regulations THE SCHEDULE. Show Related Subordinates


Schedule 1. THE SCHEDULE Order Appendix Forms

Year	Description	Hindi Description	Files(Eng)	Files(Hindi)
14-12-2006	Credit Information Companies (Regulation) Act Notification dated 14th December 2006
14-12-2006	Credit Information Companies Act Rules and Regulation Notification dated 14.12.2006
11-08-2017	Credit Information Companies (Amendment) Regulations dated 11th August 2017

Schedule 1. THE SCHEDULE