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Home › Indian Laws › Credit Information Companies (Regulation) Act, 2005 › Sections › Section 9 — Management of credit information company
Credit Information Companies (Regulation) Act, 2005 · Section guide

Section 9 — Management of credit information company

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Chapter IIIManagement of credit information companies

What this section provides

Prescribes board leadership and management allocation between chairperson, managing director or whole-time director. At least 50% of directors must have specified domain knowledge or practical experience. RBI may supersede the board in specified public-interest or prudential circumstances and appoint an Administrator, subject to statutory safeguards.

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.