Eligibility criteria

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....cant is set up and registered as a company under the ^3[Companies Act, 2013 (18 of 2013)]; (b) the applicant has, in its Memorandum of Association, specified rating activity as one of its main objects; (c) ^1[the applicant has a minimum net worth of rupees twenty five crore;] (d) the applicant has adequate infrastructure, to enable it to provide rating services in accord....

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....ent, persons having adequate professional and other relevant experience to the satisfaction of the Board; (i) neither the applicant, nor any person directly or indirectly connected with the applicant has in the past been - (i) refused by the Board a certificate under these regulations or (ii) subjected to any proceedings for a contravention of the Act or of any rules or ....