Liability for default by credit rating agencies: regulatory sanctions may be imposed including intermediary regime actions. A credit rating agency that contravenes the Act, rules or regulations is liable for one or more specified actions, which may include measures under the intermediary regulatory regime; the current provision supersedes an earlier formulation that channeled failures to comply with certificate conditions or other contraventions through the SEBI enquiry-and-penalty procedure.
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.
Liability for default by credit rating agencies: regulatory sanctions may be imposed including intermediary regime actions.
A credit rating agency that contravenes the Act, rules or regulations is liable for one or more specified actions, which may include measures under the intermediary regulatory regime; the current provision supersedes an earlier formulation that channeled failures to comply with certificate conditions or other contraventions through the SEBI enquiry-and-penalty procedure.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
