{"id":155554,"date":"2017-09-11T14:44:49","date_gmt":"2017-09-11T09:14:49","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=155554"},"modified":"2018-03-29T13:22:52","modified_gmt":"2018-03-29T07:52:52","slug":"rbi-notifies-the-credit-information-companies-amendment-regulations-2017","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2017\/09\/11\/rbi-notifies-the-credit-information-companies-amendment-regulations-2017\/","title":{"rendered":"RBI notifies the Credit Information Companies (Amendment) Regulations, 2017"},"content":{"rendered":"<div class=\"fsize16\">\n<p style=\"text-align: justify;\"><strong>No. BBR.CID. No. 786\/20.16.050\/2017-18.<\/strong>\u2014In 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.<\/p>\n<div id=\"zdt_364488_1_wrapper\" style=\"text-align: justify;\"><strong>1. Short title and commencement:<\/strong><\/div>\n<p style=\"text-align: justify;\">(1) These regulations may be called the Credit Information Companies (Amendment) Regulations, 2017.<\/p>\n<p style=\"text-align: justify;\">(2) They shall come into force on the date of their publication in the official gazette.<\/p>\n<p style=\"text-align: justify;\"><strong>2. Amendment of Regulation 3:<br \/>\n<\/strong><\/p>\n<p style=\"text-align: justify;\">In the Credit Information Companies Regulations, 2006, in Regulation 3,<\/p>\n<p style=\"text-align: justify;\">(i) for the words \u2018following companies\u2019, the words \u2018following persons\u2019 shall be substituted<\/p>\n<p style=\"text-align: justify;\">(ii) after clause (g), the following shall be inserted, namely,<\/p>\n<p style=\"padding-left: 30px; text-align: justify;\">\u201c(h) an information utility as defined in the Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016)<\/p>\n<p style=\"padding-left: 30px; text-align: justify;\">(i) a resolution professional appointed under the Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016), insofar as the credit information of the corporate debtor, in respect of which he has been so appointed.\u201d<\/p>\n<p style=\"padding-left: 30px; text-align: right;\">[ADVT.-III\/4\/Exty.\/181\/17]<\/p>\n<p style=\"text-align: justify;\"><strong>Footnote:<\/strong> 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.<\/p>\n<p style=\"text-align: right;\">Reserve Bank of India<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>No. BBR.CID. No. 786\/20.16.050\/2017-18.\u2014In exercise of the powers conferred by Section 37 of the Credit Information Companies (Regulation) Act, 2005 (Act 30 <\/p>\n","protected":false},"author":91,"featured_media":108551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14,4],"tags":[],"class_list":["post-155554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","category-legislationupdates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>RBI notifies the Credit Information Companies (Amendment) Regulations, 2017 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2017\/09\/11\/rbi-notifies-the-credit-information-companies-amendment-regulations-2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RBI notifies the Credit Information Companies (Amendment) Regulations, 2017\" \/>\n<meta property=\"og:description\" content=\"No. BBR.CID. 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