**Executive Summary**
This document contains the Credit Information Companies (Amendment) Regulations, 2017, issued by the Reserve Bank of India on August 11, 2017, to amend the Credit Information Companies Regulations, 2006. The regulations are effective from the date of their publication in the official gazette (August 25, 2017).
**Key Points / Main Content**
* **Short Title and Commencement:**
* These regulations are titled "Credit Information Companies (Amendment) Regulations, 2017."
* They take effect from the date of their publication in the official gazette.
* **Amendment of Regulation 3:**
* In Regulation 3 of the Credit Information Companies Regulations, 2006, the phrase "following companies" is replaced with "following persons".
* After clause (g), the following is added:
* "(h) an information utility as defined in the Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016)
* (i) a resolution professional appointed under the Insolvency and Bankruptcy Code, 2016 (Act 31 of 2016), in so far as the credit information of the corporate debtor, in respect of which he has been so appointed."
**Impact Analysis**
**Credit Information Companies**
* **Impact:** Need to incorporate the amended definitions and regulations into their operations.
* **Action Required:** Update internal policies and procedures to reflect the inclusion of "information utility" and "resolution professional" as defined under the Insolvency and Bankruptcy Code, 2016.
**Information Utilities (as defined in the Insolvency and Bankruptcy Code, 2016)**
* **Impact:** Information Utilities will be covered under the definitions.
* **Action Required:** Information Utilities to ensure their processes and data handling comply with the Credit Information Companies Regulations, 2006.
**Resolution Professionals (appointed under the Insolvency and Bankruptcy Code, 2016)**
* **Impact:** Are included as a type of persons that may be required to comply with the Credit Information Companies Regulations, 2006.
* **Action Required:** Resolution Professionals need to comply with the rules regarding credit information of the corporate debtor in respect of which they have been appointed.
Key Entities Referenced
Credit Information Companies (Regulation) Act, 2005: The primary legislation that grants the Reserve Bank of India the power to regulate credit information companies.
Reserve Bank of India: The regulator issuing the amendment regulations.
Credit Information Companies Regulations, 2006: The regulations being amended by the current notification.
Insolvency and Bankruptcy Code, 2016: The code referenced for the definition of 'information utility' and 'resolution professional'.
Credit Information Companies (Amendment) Regulations, 2017: The title of the amendment regulations.
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भारतीय िरज़व र्बक(cid:7289)
अिधसचू ना
मुम् बई, 11 अगस् त, 2017
(cid:7079)त्यय िवषयक जानकारी कंपनी (सशं ोधन) िविनयमावली, 2017
स.ं बीबीआर.सीआईडी. स.ं 786/20.16.050/2017-18.—(cid:7079)त्यय िवषयक जानकारी कंपनी (िविनयमन) अिधिनयम, 2005
(2005 का 30) की धारा 37 (cid:7367)ारा (cid:7079)द(cid:7275) शि(cid:7334)य(cid:7298) का (cid:7079)योग करत े हुए, भारतीय िरज़वर् बक(cid:7289) (cid:7367)ारा (cid:7079)त्यय िवषयक जानकारी कंपनी
िविनयमावली, 2006 को संशोिधत करन ेके िलए िन(cid:7388)िलिखत िविनयम बनाए जात ेह।(cid:7289)
1. लघु शीषकर् और आरंभ (1) इन िविनयम(cid:7298) को (cid:7079)त्यय िवषयक जानकारी कंपनी (संशोधन) िविनयमावली,
2017 कहा जाएगा।
(2) ये आिधकािरक गज़ट म (cid:7286)इनके (cid:7079)कािशत होने की तारीख से लाग ूह(cid:7298)ग।े
2. िविनयम 3 का सशं ोधन (cid:7079)त्यय िवषयक जानकारी कंपनी िविनयमावली, 2006 के िविनयम 3 म(cid:7286),
(i) "िन(cid:7388)िलिखत कंपिनय(cid:7298)" के स्थान पर "िन(cid:7388)िलिखत (cid:7390)ि(cid:7334)य(cid:7298)" शब्द रखे जाएंगे।
(ii) खंड (छ) के बाद िन(cid:7388)िलिखत को जोड़ा जाएगा, नामतः
"(ज) इन्फॉम(cid:7287)शन यूिटिलटी जैसा िक िदवािलया और शोधन अक्षमता
संिहता, 2016 (2016 का अिधिनयम 31) म(cid:7286) पिरभािषत िकया गया ह ै
(झ) िदवािलया और शोधन अक्षमता संिहता, 2016 (2016 का
अिधिनयम 31) के तहत िनय(cid:7334)ु समाधान (cid:7390)ावसाियक (Resolution
Professional), उस कॉप(cid:7299)रेट कजर्दार की ऋण सूचना के सबं धं म(cid:7286),
िजसके िलए उस ेिनयु(cid:7334) िकया गया ह।ै "
सुदशर्न सेन, कायर्पालक िनदशे क
[िवज्ञापन-III/4/असा./181/17]
फुटनोट : (cid:7079)त्यय िवषयक जानकारी कंपनी िविनयमावली, 2006 को सा.का.िन. 754(अ), िदनांक 14 िदसंबर 2006 (cid:7367)ारा भारत के
राजप(cid:7074), असाधारण, भाग-II, खडं 3, उप-खंड (i), म(cid:7286) (cid:7079)कािशत िकया गया।
5296 GI/2017 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC. 4]
RESERVE BANK OF INDIA
NOTIFICATION
Mumbai, the 11th August, 2017
THE CREDIT INFORMATION COMPANIES (AMENDMENT) REGULATIONS, 2017
No. BBR.CID. No. 786/20.16.050/2017-18.—In 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.
1. Short title and (1) These regulations may be called the Credit Information Companies (Amendment)
commencement Regulations, 2017.
(2) They shall come into force on the date of their publication in the official gazette.
2. Amendment of In the Credit Information Companies Regulations, 2006, in regulation 3,
regulation 3
(i) for the words ‘following companies’, the words ‘following persons’ shall be
substituted
(ii) after clause (g), the following shall be inserted, namely,
“(h) an information utility as defined in the Insolvency and Bankruptcy Code,
2016 (Act 31 of 2016)
(i) a resolution professional appointed under the Insolvency and Bankruptcy
Code, 2016 (Act 31 of 2016), in so far as the credit information of the
corporate debtor, in respect of which he has been so appointed.”
SUDARSHAN SEN, Executive Director
[ADVT.-III/4/Exty./181/17]
Footnote : 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.
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.