The Credit Information Companies Regulation Act

क्रेडिट सूचना कंपनियों विनियमन अधिनियम

The Credit Information Companies Regulation Act

The Reserve Bank of India today released for feedback the draft Rules and Regulations under the Credit Information Companies (Regulation) Act, 2005. It has requested for comments/views to be sent to the Chief General Manager-in-charge, Department of Banking Operations and Development

It may be recalled that the Credit Information Companies (Regulation) Act, 2005 was passed in May 2005 and notified in the Gazette of India on June 23, 2005

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An Act may come into force immediately, on a specific future date, or in stages. You can find out when an Act is due to come into force by looking at a section of the Act itself, headed ‘Commencement’ – this is among the very last sections of an Act.

Sometimes a specific date is not given and the timing is left to the discretion of the Secretary of State for the relevant government department.

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