RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONSSecurities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONSSecurities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
Refusal to grant registration requires a credit rating agency to cease rating activity, with limited completion and record-transfer safeguards. On refusal of permanent registration, a credit rating agency must cease to undertake any credit rating activity; the Board must communicate its decision ... Summary
Refusal to grant registration requires a credit rating agency to cease rating activity, with limited completion and record-transfer safeguards.
On refusal of permanent registration, a credit rating agency must cease to undertake any credit rating activity; the Board must communicate its decision and grounds within thirty days; the Board may permit completion of existing rating assignments in the interest of investors and may direct transfer of records or appoint a person to take charge of such records on specified terms.
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