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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Amendment Removes Regulation 37: Changes Procedures for Suspending or Canceling Credit Rating Agency Registrations, Eliminating Mandatory Enquiry and Hearing.</h1> Regulation 37 of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, which outlined the procedure for suspending or canceling a credit rating agency's registration, was omitted by a 2002 amendment. Previously, it required an enquiry before such actions, except in cases of insolvency or non-payment of fees. It mandated a hearing opportunity before taking action against an agency.
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