TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
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>New Regulation Limits Shareholding in ESG Rating Providers to Under 10% Without Prior Approval; Exceptions for Certain Funds</h1> Regulation 28U of the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, restricts shareholding in ESG rating providers. An ESG rating provider cannot hold 10% or more of shares or voting rights in another ESG rating provider or have board representation. Exceptions exist with prior Board approval if it benefits investors and market stability. Similarly, a shareholder with 10% or more in one ESG rating provider cannot hold the same in another, except for pension funds, insurance, and mutual fund schemes. An ESG rating provider is defined as one registered with the Board.
TaxTMI 
