Home Acts & Rules SEBI Regulation Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 Chapters List Chapter VI PROCEDURE FOR ACTION IN CASE OF DEFAULT This
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Regulation 42 - Omitted - Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999Extract 42. 1 [ **** ] ************** NOTES:- 1 Omitted by the SEBI (Procedure for Holding Enquiry by Enquiry officer and Imposing Penalty) Regulation, 2002, w.e.f. 27-9-2002. Prior to omission, regulation read as follows: 42. Appeal to the Securities Appellate Tribunal. ─ Any person aggrieved by an order of the Board made, on and after the commencement of the Securities Laws (Second Amendment) Act, 1999, (i.e., after 16th December 1999), under these regulations may prefer an appeal to a Securities Appellate Tribunal having jurisdiction in the matter. [Prior to this, regulation 42 as amended by the SEBI (Appeal to Securities Appellate Tribunal) (Amendment) Regulations, 2000, w.e.f. 28.03.2000, it read as follows: 42. Appeal to the Central Government.─ Any person aggrieved by an order of the Board under these Regulations; (a) Suspending a certificate of registration; (b) Cancelling certificate of registration, may prefer an appeal to the Central Government against such order, in accordance with the Securities and Exchange Board of India (Appeal to Central Government) Rules, 1993].
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