Notice before inspection: Board may give advance written notice or proceed without notice to protect investor interests. Regulation provides that the Board shall ordinarily give a credit rating agency a written notice of not less than ten days before ordering an inspection ... Summary
Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
Notice before inspection: Board may give advance written notice or proceed without notice to protect investor interests.
Regulation provides that the Board shall ordinarily give a credit rating agency a written notice of not less than ten days before ordering an inspection or investigation, but may, by written order, dispense with such notice when satisfied that investor interests require immediate action; during any inspection or investigation the agency must discharge all obligations prescribed in regulation 31.
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