Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2021

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....tions may be called the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2021. 2. They shall come into force on the date of their publication in the Official Gazette. 3. In the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999, ─ I. in regulation 2, in sub-regulation (1), i. in clause (d), the words and symbols "clause (7) of section 2 of the Companies Act, 1956 (1 of 1956)" shall be replaced with the words and symbols "clause (11) of section 2 of the Companies Act, 2013 (18 of 2013)" ii. in clause (eii), in sub-clause (i), the words and symbols "Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Reg....

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.... words and symbols "Companies Act, 1956" shall be replaced with the words and symbols "Companies Act, 2013 (18 of 2013)". V. in regulation 9, i. in clause (f), the words "offered by way of public or rights issue" shall be replaced with the words "that are listed or proposed to be listed on a stock exchange recognized by the Board" ii. before the proviso to clause (f), the following shall be inserted ─ "Explanation: ─ For the purposes of this clause, the ratings undertaken by a credit rating agency under the respective guidelines of a financial sector regulator or authority shall be under the purview of the respective financial sector regulator or authority.". VI. in regulation 29, in sub-regulati....

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.... 203 (E). (e) October 1, 2003 by the Securities and Exchange Board of India (Credit Rating Agencies) Second Amendment) Regulations, 2003 vide S.O. No. 1160 (E). (f) March 10, 2004 by Securities and Exchange Board of India (Criteria for Fit and Proper Person) Regulations, 2004 vide S. O. No. 398 (E). (g) September 7, 2006 by the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2006 vide S. O. No. 1454(E). (h) May 26, 2008 by the Securities and Exchange Board of India (Intermediaries) Regulations, 2008 vide no. LAD/ NRO/GN/2008/11/126538. (i) March 19, 2010 by the Securities and Exchange Board of India (Credit Rating Agencies) (Amendment) Regulations, 2010 vi....