Chapter IIIA — Collection and Furnishing of Credit Information

Section 45G: [Repealed.] Penalties

Reviewed by CA Nikhil Gupta · Last reviewed 18 September 2026

Section 45G is a repealed historical penalty provision for Chapter IIIA.

Historical / non-operativeOfficial sources mappedProvision-specific decode

Current legal status

Section 45G is a repealed historical penalty provision for Chapter IIIA.

Current consequences for non-compliance must be taken from the surviving penalty/enforcement provisions and the law in force on the breach date.

Use today: Do not quote a repealed Section 45G amount in a modern credit-information compliance note.

Historical reading note

For historical conduct, preserve the former text and amendment chronology.

Illustration. A current failure to file information under Chapter IIIA should be mapped to the current enforcement provision rather than former Section 45G.

Compliance points and common mistakes

Do not decide the issue from the heading alone. Map the facts to the operative words of Section 45G and to each relevant subsection, clause, proviso or explanation shown above.
Keep the statutory question separate from the operational overlay. Do not quote a repealed Section 45G amount in a modern credit-information compliance note.
Do not convert an exception, exemption or discretionary RBI/Government power into an automatic entitlement. Record the authority, conditions and effective date.
Where the provision is historical, omitted or repealed, state that status prominently and do not present it as a current compliance obligation.

Connected provisions and instruments

Section 45G has no universal instrument dependency in this package. Add an RBI circular or direction only when its subject, entity and effective date cover the issue being analysed.

Questions and answers

What is the purpose of Section 45G?

[Repealed.] Penalties: Section 45G is a repealed historical penalty provision for Chapter IIIA.

Which statutory limb should be checked first?

Scope - Section 45G is a repealed historical penalty provision for Chapter IIIA.

What is the next legal boundary?

Operative limb - Current consequences for non-compliance must be taken from the surviving penalty/enforcement provisions and the law in force on the breach date.

What record should support the conclusion?

Section 45G file evidence: For historical conduct, preserve the former text and amendment chronology.

Primary sources

Source control for Section 45G: use the official consolidated RBI Act for the statutory text and footnotes, then separately reconcile any post-Finance Act 2022 amendment, commencement notification or RBI instrument relevant to the event date.