Credit Information Companies (Regulation) (Removal of Difficulties) Order, 2008

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....nafter referred to as "the Act") came into force on 14th December, 2006; And whereas the provisions contained in sub-section (1) of section 15 of the Act require every credit institution in existence on the commencement of the Act to become member of at least one credit information company before the expiry of three months from such commencement; And whereas the provisions contained in sub-secti....

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.... to 31st December, 2008 in order to facilitate the credit institutions to exercise their choice amongst the credit information companies in at least one of which they may become a member; Now, therefore, in exercise of the powers conferred by section 35 of the Credit Information Companies (Regulation) Act, 2005 (30 of 2005) ([2005] 126 Comp. Cas. (St.) 9), the Central Government hereby makes the ....