law: Credit Information Companies (Regulation) Act, 2005 
  37. Power of Reserve
  
  Bank to make regulations.- 
  1.     
  
    The
  
  Reserve Bank may make regulations consistent with the provisions of this Act
  
  and the rules made there under to carry out the purposes of this Act.
  2.     
  
    In
  
  particular, and without prejudice to the generality of the foregoing powers,
  
  such regulations may provide for all or any of the following matters, namely:- 
  a.     
  
    the
  
  persons or institutions which may be specified as specified users under clause
  
  (l) of section 2;
  b.    
  
    the
  
  form in which application may be made under sub-section (1) of section 4 and
  
  the manner of filing such application under that sub-section;
  c.     
  
    any
  
  other form of business in which a credit information company may engage under
  
  clause (e) of sub-section (1) of section 14;
  d.    
  
    the
  
  form of notice for collection and furnishing of information procedure relating
  
  thereto and purposes for which credit information may be provided under
  
  sub-sections (1) and (2) of section 17;
  e.     
  
    the
  
  principles and procedures relating to credit information which may be specified
  
  under clause (f) of section 20;
  f.     
  
    the
  
  amount which may be required to be paid for obtaining copy of credit
  
  information under sub-section (2) of section 21;
  g.    
  
    the
  
  maximum amount of charges payable under section 27.
  1.     
  
  
  2.     
  
  
  3.     
  
    Every
  
  regulation, as soon as may be after it is made by the Reserve Bank, shall be
  
  forwarded to the Central Government and that Government shall cause a copy of
  
  the same to be laid before each House of Parliament, while it is in session,
  
  for a total period of thirty days which may be comprised in one session or in
  
  two or more successive sessions, and if, before the expiry of the session
  
  immediately following the session or the successive sessions aforesaid, both
  
  Houses agree in making any modification in the regulation, or both Houses agree
  
  that the regulation should not be made, the regulation shall, thereafter, have
  
  effect only in such modified form or be of no effect, as the case may be; so,
  
  however, that any such modification or annulment shall be without prejudice to
  
  the validity of anything previously done under that regulation.