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Credit Information Companies (Regulation) Act, 2005 · Section guide

Section 32 — Power of Reserve Bank to exempt in certain cases

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 32 vests the exemption power in the Central Government, exercisable by notification on the recommendation of RBI and subject to the statutory conditions. The notification must be read within its stated scope; the Act also contains the parliamentary-laying mechanism for delegated instruments.

Chapter VIIIMiscellaneous

Working notes

  • What to check: Locate the Central Government notification—not an informal RBI communication.
  • Before you close the file: Map every condition, entity and period in the exemption before relying on it.
← Section 31 — Bar of jurisdictionSection 33 — Application of other laws not barred →

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.