TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Credit rating agency registration conditions: compliance, disclosure, prior change-of-control approval, Rs.25 crore net-worth, promoter holding rules</h1> The regulation conditions registration on specified obligations: the credit rating agency must comply with the Act, these regulations and any Board guidelines, directives, circulars and instructions (operative effect: continued validity of the certificate is contingent on such compliance). Where information furnished to the Board is materially false or subsequently changes, the agency must promptly inform the Board in writing (operative effect: failure may affect certification). Prior Board approval is required for any change in control to continue to act as a CRA (operative effect: change without approval bars continuation). CRAs must maintain minimum net worth of Rs.25 crore (transitional compliance period for existing registrants), promoters must hold 26% for three years from registration (subject to transitional exception), and CRAs are restricted to rating securities listed or proposed to be listed, except as otherwise specified by the Board or when rating financial instruments under the purview of another financial sector regulator (operative effect: activities beyond permitted ratings require Board specification or segregation as directed).
TaxTMI 
TaxTMI 
