Section 6 — Power of Reserve Bank to cancel certificate of registration

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Chapter IIRegistration of credit information companies

What this section provides

RBI may cancel registration for cessation of business, breach of registration conditions, failure of eligibility conditions, legal/directional non-compliance or inspection failures. Ordinarily RBI provides time to cure specified defaults, unless delay would prejudice public interest, banking policy, the credit system, borrowers or other CICs. A reasonable opportunity of being heard is required before cancellation.

Related on Finin2min

Credit Information Companies (Regulation) Act, 2005 — hub homeBanking Regulation Act, 1949 hubReserve Bank of India Act, 1934 hubRBI and banking knowledge hub

Primary official sources

← Section 5 — Grant of certificate of registration Section 7 — Appeal against order of Reserve Bank →

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.