Credit rating agency eligibility: registration requires corporate form, prescribed net worth, adequate infrastructure and fit and proper promoters. Registration requires the applicant to be a company under the Companies Act, specify rating activity in its Memorandum, meet the prescribed minimum net worth, maintain adequate infrastructure and experienced personnel, and ensure promoters and key persons are professionally competent, financially sound and fit and proper. The applicant, its promoters, directors and any directly or indirectly connected persons must not be involved in securities market legal proceedings, have convictions for moral turpitude or economic offences, or have been previously refused certification or subjected to enforcement proceedings.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Credit rating agency eligibility: registration requires corporate form, prescribed net worth, adequate infrastructure and fit and proper promoters.
Registration requires the applicant to be a company under the Companies Act, specify rating activity in its Memorandum, meet the prescribed minimum net worth, maintain adequate infrastructure and experienced personnel, and ensure promoters and key persons are professionally competent, financially sound and fit and proper. The applicant, its promoters, directors and any directly or indirectly connected persons must not be involved in securities market legal proceedings, have convictions for moral turpitude or economic offences, or have been previously refused certification or subjected to enforcement proceedings.
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