Registration of credit rating agencies requires detailed corporate, financial and disclosure compliance before grant of certification.

The SEBI CRA Regulations prescribe a comprehensive application form requiring corporate particulars, promoter and shareholder details, directors and key personnel information, infrastructure and business plans, audited financial statements and net worth certification, disclosure of litigation and fraud involvement, and declarations by directors; the standard certificate of registration grants authority to carry on credit rating activities subject to conditions and remains valid unless suspended or cancelled by the Board.

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