Regulatory Alerts2026-01-15
Added · Updated
Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
The Securities and Exchange Board of India establishes regulations requiring credit rating agencies to obtain a certificate of registration to operate. The document defines key terms and mandates that applicants be promoted by specific entities such as public financial institutions, scheduled banks, or companies with a minimum net worth of one hundred crores. Eligibility criteria include a minimum net worth of twenty-five crore, incorporation under the Companies Act, 2013, and adherence to fit and proper person standards. The Board is authorized to grant or reject registration certificates based on these statutory requirements and procedural compliance.
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