The Credit Information Companies (Regulation) Act, 2005.
CHAPTER V: FUNCTIONS OF CREDIT INFORMATION COMPANIES
Section 14: Functions Of A Credit Information Company
Bare Act
(1) A credit information company may engage in any one or more of the following forms of business, namely:
- (a) to collect, process and collate information on trade, credit and financial standing of the borrowers of the credit institution which is a mem… Read the complete text with KanoonGPT Pro.
Simplified Act
Explanation:
(1) A company that collects credit information (a credit information company) is allowed to do the following:
- (a) Gather, process, and organize information about the borrowing and financial b… Read the complete text with KanoonGPT Pro.
