Conditions of Certificate :
The certificate granted is subject to the condition that the credit rating agency should comply with the provisions of the Act, the regulations made thereunder and the guidelines, directives, circulars and instructions issued by SEBI from time to time on the subject of credit rating. The credit rating agency should forthwith inform SEBI in writing where any information or particulars furnished to SEBI by a credit rating agency is found to be false or misleading in any material particular; or has undergone change subsequently to its furnishing at the time of the application for a certificate. Where the credit rating agency proposes change in control, it shall obtain prior approval of SEBI for continuing to act as such after the change. The period of validity of certificate of registration shall be three years.