Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Chapter IV RESTRICTION ON RATING OF SECURITIES ISSUED BY PROMOTERS OR BY CERTAIN OTHER PERSONS
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Restriction on rating of promoter-issued securities bars agencies from rating those securities and bars promoter-affiliated persons on rating committees. No credit rating agency shall rate a security issued by its promoter. If the promoter is a lending institution, its chairman, director or employee shall not serve as chairman, director or employee of the credit rating agency or its rating committee; this bar takes effect after the specified transitional period.
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.
Restriction on rating of promoter-issued securities bars agencies from rating those securities and bars promoter-affiliated persons on rating committees.
No credit rating agency shall rate a security issued by its promoter. If the promoter is a lending institution, its chairman, director or employee shall not serve as chairman, director or employee of the credit rating agency or its rating committee; this bar takes effect after the specified transitional period.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.