https://www.taxtmi.com/acts?id=35092 Restrictions prohibit credit rating agencies from rating securities of entities that are borrowers, subsidiaries or associates of their promoters when there are common chairmen, directors, employees, or shared rating committee membership; agencies also must not rate securities of their own associate or subsidiary when officers or employees serve in both organisations. A limited exception allows rating where a common independent director abstains from rating discussions and the agency discloses that abstention in the rating announcement. en-us Wed, 16 Jan 2019 10:18:01 +0530 Thu, 05 Sep 2024 14:09:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=35092 Restrictions prohibit credit rating agencies from rating securities of entities that are borrowers, subsidiaries or associates of their promoters when there are common chairmen, directors, employees, or shared rating committee membership; agencies also must not rate securities of their own associate or subsidiary when officers or employees serve in both organisations. A limited exception allows rating where a common independent director abstains from rating discussions and the agency discloses that abstention in the rating announcement. Act-Rules SEBI Wed, 16 Jan 2019 10:18:01 +0530 https://www.taxtmi.com/acts?id=35092