TMI BlogConditions of certificateX X X X Extracts X X X X X X X X Extracts X X X X ..... th the provisions of the 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Securities and Exchange Board of India (Credit Rating 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 credi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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. ] 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 Exc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ission, sub-clause (2), read as under: (2) the period of validity of certificate of registration 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 1 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ator, such activity 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 11. Substituted vide Notification No. SEBI/LAD-NRO/GN/2021/29 dated 03-08-2021 before it was read as offered by way of public or rights issue 12. Inserted vide Notificat ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
