Credit Information Companies (Regulation) Act, 2005 · Section guide
Section 23 — Offences and penalties
Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026
Chapter VIIOffences and penalties
What this section provides
Creates penal consequences for specified contraventions of CICRA and the delegated framework. Penalty analysis must identify the precise statutory default, the responsible person/entity and whether RBI’s administrative penalty power under section 25 also applies. Operational controls around data furnishing, access, secrecy and directions should be mapped to potential enforcement consequences.
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Primary official sources
Finin2min summary — explanatory text. The official Act, Rules, Regulations and notifications control if there is any difference. Educational and research resource, not legal, regulatory, tax or investment advice; verify the instrument in force on the relevant date.