Question
Recently (September 2022) SEBI cancelled certificate of
registration of which of the followings Credit Rating Agency?Solution
The Securities and Exchange Board of India (Sebi) cancelled the recognition certificate granted to Brickwork Ratings India, one of the seven registered credit rating agencies (CRAs) in the country, for “repeated lapses” and irregularities in “discharging its duties”. The Sebi directed Brickwork to wind down its operations within six months and intimate its clients about the same. During this period, Brickwork cannot onboard any new clients or take fresh mandates.
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