Power of Reserve Bank to impose penalty : Section – 25. (1) Notwithstanding anything contained in section 23, if a contravention or default of the nature referred to in sub-section (2) […]
Income Tax - 154. page
Cognizance of offences
Cognizance of offences : Section – 24. (1) No court shall take cognizance of any offence committed by a member of a credit information company and punishable under section 23 except […]
Offences and penalties
Offences and penalties : Section – 23. (1) Whoever, in any return or other document or in any information required or furnished by, or under, or for the purposes of, any […]
Unauthorised access to credit information
Unauthorised access to credit information : Section – 22. (1) No person shall have access to credit information in the possession or control of a credit information company or a credit […]
Alteration of credit information files and credit reports
Alteration of credit information files and credit reports : Section – 21. (1) Any person, who applies for grant or sanction of credit facility, from any credit institution, may request to […]
Privacy principles
Privacy principles : Section – 20. Every credit information company, credit institution and specified user, shall adopt the following privacy principles in relation to collection, processing, collating, recording, preservation, secrecy, sharing […]
Accuracy and security of credit information
Accuracy and security of credit information : Section – 19. A credit information company or credit institution or specified user, as the case may be, in possession or control of credit […]
Settlement of dispute
Settlement of dispute : Section – 18. (1) Notwithstanding anything contained in any law for the time being in force, if any dispute arises amongst, credit information companies, credit institutions, borrowers […]
Collection and furnishing of credit information
Collection and furnishing of credit information : Section – 17. (1) A credit information company or any person authorised in that behalf by the company may, by notice in writing, in […]
Failure to become a member of a credit information company
Failure to become a member of a credit information company : Section – 16. (1) Where a credit institution— (a) abstains from becoming a member of at least one credit information […]