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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>SEBI Amends CRA Regulations: No Prior Approval for Status Changes, Control Changes Still Require Approval.</h1> The Securities and Exchange Board of India (SEBI) has amended the regulations for Credit Rating Agencies (CRAs), removing the requirement for prior approval for changes in status or constitution, but maintaining it for changes in control. Effective from the half-year ending September 30, 2011, CRAs must report changes such as corporate restructuring, director changes, or shareholding shifts not affecting control to SEBI. If no changes occur, this must be noted in the report. This directive aims to protect investor interests and regulate the securities market, as per SEBI's authority under the Securities and Exchange Board of India Act, 1992.
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