Income Tax - 155. page

Credit Institution to be member of a credit information company : Section –  15. (1) Every credit institution in existence on the commencement of this Act, before the expiry of three […]

Functions of a credit information company : Section –  14. (1) A credit information company may engage in any one or more of the following forms of business, namely:— (a) to […]

Powers and duties of auditors : Section – 13. (1) It shall be the duty of an auditor of a credit information company to inquire whether or not the credit information […]

Inspection of credit information company, credit institution and specified user : Section – 12. (1) Notwithstanding anything to the contrary contained in section 235 of the Companies Act, 1956 (1 of […]

Power of Reserve Bank to give directions : Section – 11. (1) Where the Reserve Bank is satisfied that,— (a) in the public interest; or (b) in the interest of credit […]

Power of Reserve Bank to determine policy : Section –  10. Where the Reserve Bank is satisfied that it is necessary or expedient in the public interest or in the interest […]

Management of credit information company : Section –  9. (1) Notwithstanding anything contained in any law for the time being in force, or in any contract to the contrary, every credit […]

Requirement as to minimum capital : Section –  8. (1) The authorised capital of every credit information company shall be a minimum of thirty crores: Provided that the Reserve Bank may, by […]

Appeal against order of Reserve Bank : Section – 7. (1) A credit information company aggrieved by the order of rejection of an application for grant of certificate of registration under […]

Power of Reserve Bank to cancel certificate of registration : Section – 6. (1) The Reserve Bank may cancel a certificate of registration granted to a credit information company under sub-section […]