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Liability for action in case of default

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....ER VI PROCEDURE FOR ACTION IN CASE OF DEFAULT 1[Liability for action in case of default 34. A credit rating agency which contravenes any of the provisions of the Act, Rules, or Regulations framed t....

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....9.2002, read as under: "34. Liability for action in case of default.─ (1) A credit rating agency which─ (a) fails to comply with any condition subject to which a certificate has been g....

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Liability for action in case of default