Section 18: Power to make regulations on consequences of revocation of a license
The Bank may, by regulations stipulate, the manner in which the business or affairs of a Credit Bureau which licence has been revoked may be wound up or continued by another person including on matters such as
safeguarding information or data on the Credit Bureau's database, handing over the Credit Bureau's entire database to another person and such other matters as the Bank may deem appropriate to regulate as the consequences of the revocation of a Licence.
Cite this section
Section 18, CREDIT REPORTING ACT (2017).
https://repo.podus.ai/laws/credit-reporting-act/section/18/