Question

What is the requirement for credit rating agencies engaged in rating securities offered through public or rights issues in India?

a.

Obtain a license from the Insurance Regulatory and Development Authority of India (IRDAI)

b.

Obtain a license from the Securities and Exchange Board of India (SEBI)

c.

Obtain a license from the Reserve Bank of India (RBI)

d.

Obtain a license from the Ministry of Corporate Affairs (MCA)

Posted under IC85 Reinsurance Management

Answer: (b).Obtain a license from the Securities and Exchange Board of India (SEBI) Explanation:In India, credit rating agencies engaged in the business of rating securities offered through public or rights issues are required to obtain a license from the Securities and Exchange Board of India (SEBI). This regulation ensures that the rating agencies adhere to the prescribed standards and practices in conducting their rating activities.

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Q. What is the requirement for credit rating agencies engaged in rating securities offered through public or rights issues in India?
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