Credit Information Companies (Regulation) Act, 2005

Section - 6 - Power of Reserve Bank to cancel certificate of registration

Power of Reserve Bank to cancel certificate of registration

6. (1) The Reserve Bank may cancel a certificate of registration granted to a credit information company under sub-section (2) of section 5 if such company,-

(i)	-	ceases to carry on the business of credit information; or
(ii)	-	has failed to comply with any of the conditions subject to which the certificate of registration has been granted to it; or
(iii)	-	at any time fails to fulfil any of the conditions referred to in sub-clauses (a) to (c) of sub-section (1) or sub-section (2) of section 5; or
(iv)	-	fails-