Notification S.O. 1384(E), dated 23rd February, 2010 [N12-ES1]

As at 7 September 2026. In force from 23 February 2010.

Dates: made 23 February 2010; in force 23 February 2010; ceased none recorded. Gazette: none recorded. Band A.

Synthetic. This instrument and its words are generated by the register beneath an Act whose title, number and year are real.

Cite: Notification S.O. 1384(E), dated 23rd February, 2010, S.O. 1384(E) [N12-ES1]. Machine: N12-ES1.

S.O. 1384(E).—In exercise of the powers conferred by section 10 of the Credit Information Companies (Regulation) Act, 2005 (30 of 2005), the Central Government, being satisfied that it is necessary in the public interest so to do, hereby exempts borrowers whose the business of banking does not exceed fifty thousand rupees in value in a financial year from the provisions of section 4 of the said Act, subject to the condition that every such person shall intimate the Reserve Bank in writing of the commencement of the business of banking within seven days of such commencement.

Made under

Recital: "In exercise of the powers conferred by section 10 of the Credit Information Companies (Regulation) Act, 2005 (30 of 2005), the Central Government, being satisfied that it is necessary in the public interest so to do". Names section 10 of the Credit Information Companies (Regulation) Act, 2005 (30 of 2005) [S22-0VM]. Vires verified.

Acts on (1)

Exempts Section 4, Credit Information Companies (Regulation) Act, 2005 [S22-0N8], 23 February 2010. "section 4 of the said Act".

Acted on by (0)

none

Not held (0)

none