RESERVE BANK OF INDIA
Mumbai, the 11th August, 2017
THE CREDIT INFORMATION COMPANIES (AMENDMENT) REGULATIONS, 2017
No. BBR.CID. No. 786/20.16.050/2017-18.—In exercise of the powers conferred by section 37 of the Credit Information Companies (Regulation) Act, 2005 (Act 30 of 2005), the Reserve Bank of India hereby makes the following regulations, to amend the Credit Information Companies Regulations, 2006.
1. Short title and commencement
(1) These regulations may be called the Credit Information Companies (Amendment) Regulations, 2017.
(2) They shall come into force on the date of their publication in the official gazette.
2. Amendment of regulation 3 In the Credit Information Companies Regulations, 2006, in regulation 3, (i) for the words ‘following companies’, the words ‘following persons’ shall be substituted (ii) after clause (g), the following shall be inserted, namely, “(h) an information utility as defined in the Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016) (i) a resolution professional appointed under the Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016), in so far as the credit information of the corporate debtor, in respect of which he has been so appointed.”
Footnote : The Credit Information Companies Regulations, 2006 were published in the Gazette of India, Extraordinary, Part-II, Section 3, Sub-section (i), vide GSR 754(E), dated 14th December, 2006.