law: Credit Information Companies (Regulation) Act, 2005 
  Chapter V: Functions
  
  of Credit Information Companies
  14. Functions of a
  
  credit information company.-
  1.     
  
    A
  
  credit information company may engage in any one or more of the following forms
  
  of business, namely:- 
  a.      to collect, process
  
  and collate information on trade, credit and financial standing of the
  
  borrowers of the credit institution which is a member of the credit information
  
  company;
  b.     to provide credit
  
  information to its specified users or to the specified users of any other
  
  credit information company or to any other credit information company being its
  
  member;
  c.      to provide credit
  
  scoring to its specified users or specified users of any other credit
  
  information company or to other credit information companies being its members;
  
  
  d.     to undertake research
  
  project;
  e.      to undertake any
  
  other form of business which the Reserve Bank may, specify by regulations as a
  
  form of business in which it is lawful for a credit information company to
  
  engage.
  1.     
  
  
  2.     
  
    No
  
  credit information company shall engage in any form of business other than
  
  those referred to in sub-section (1).
  3.     
  
    Any
  
  credit information company for the purposes of carrying on the business of
  
  credit information may- 
  a.      register credit
  
  institutions and other credit information companies, at their option as its
  
  member, subject to such terms and conditions as may be pre-determined and
  
  disclosed by such credit information company;
  b.     charge such
  
  reasonable amount of fees, as it may deem appropriate not exceeding the maximum
  
  fee, as may be specified under section 27, for furnishing credit information to
  
  a specified user;
  c.      generally to do all
  
  such other acts and perform such other functions as are necessary to facilitate
  
  proper conduct of its affairs, business and functions in accordance with the
  
  provisions of this Act.