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
Show-cause notice procedure ensures agencies receive an opportunity to reply and reasoned orders before penalties are imposed. Regulation 39 required that after receiving the enquiry officer's report the Board issue a show-cause notice proposing penalty, allow the credit rating ... Summary
Show-cause notice procedure ensures agencies receive an opportunity to reply and reasoned orders before penalties are imposed.
Regulation 39 required that after receiving the enquiry officer's report the Board issue a show-cause notice proposing penalty, allow the credit rating agency a brief period to reply, then consider the reply and pass a self-contained, reasoned order justifying any penalty, and serve a copy of that order on the agency.
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