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Shareholding in a credit rating agency

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Full Text of the Document

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....n any other credit rating agency, or (b) have representation on the Board of any other credit rating agency. Provided that a credit rating agency may, with the prior approval of the Board, acquire shares and/ or voting rights exceeding 10 per cent in any other credit rating agency only if such acquisition results in change in control in the credit rating agency whose shares are being acquire....