image

RBI notifies Credit Information Companies (Amendment) Regulations, 2017

RESERVE BANK OF INDIA

NOTIFICATION

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.”

SUDARSHAN SEN,

Executive Director

[ADVT.-III/4/Exty./181/17]

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.

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Corporate Law Referencer

Recent Articles

Recent Legal updates

Recent Gst Updates