Conditions of certificate

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.... Act, the regulations made there under and the guidelines, directives, circulars and instructions issued by the Board from time to time on the subject of credit rating. (b) 4[***] where any information or particulars furnished to the Board by a credit rating agency: (i) is found to be false or misleading in any material particular ; or (ii) has undergone change subsequently to its furnishing....

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....ng Agencies) (Amendment) Regulations, 2018. (e) the promoter of the credit rating agency, in terms of regulation 4, shall maintain a minimum shareholding of 26% in the credit rating agency for a minimum period of three years from the date of grant of registration by the Board. Provided that this clause shall not be applicable to a credit rating agency already registered with the Board under Se....

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....the respective guidelines of a financial sector regulator or authority shall be under the purview of the respective financial sector regulator or authority.] Provided that all other activities shall be segregated to a separate entity within a period of two years from the date of notification of Securities and Exchange Board of India (Credit Rating Agencies)(Amendment) Regulations, 2018.]] *****....

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....tration shall be three years;" 7 Inserted by the SEBI (Credit Rating Agencies) (Amendment) Regulations, 2010, w.e.f. 19.03.2010. 8 Substituted for "to change its status or constitution" by the SEBI (Change in Conditions of Registration of Certain Intermediaries) (Amendment) Regulations, 2011, w.e.f 13.04.2011. 9 Clauses (d)(e) and (f) inserted by the SEBI (Credit Rating Agencies)(Amendment) ....