Standing Order No. 4608/2015 of the Finance Department, Government of Tamil Nadu dated 24th December, 2015 on the rating of securities [C19-60K]

As at 7 September 2026. In force. No commencement recorded.

Dates: made 24 December 2015; in force not recorded; ceased none recorded. Gazette: none recorded. Band B.

Jurisdiction: Tamil Nadu [IN-TN]. Made by the Finance Department, Government of Tamil Nadu.

Synthetic. This instrument, its title, its number and its words are generated by the register, beneath the Act its recital names.

Cite: Standing Order No. 4608/2015 of the Finance Department, Government of Tamil Nadu dated 24th December, 2015 on the rating of securities, Standing Order No. 4608/2015, 24th December, 2015 [C19-60K]. Machine: C19-60K.

Standing Order No. 4608/2015

GOVERNMENT OF TAMIL NADU

Finance Department, Government of Tamil Nadu

Chennai, dated the 24th December, 2015

STANDING ORDER

All Assistant General Managers,

Subject: The rating of securities by credit rating agencies under the Tamil Nadu Protection of Interests of Depositors Act, 1997, regarding.

In exercise of the powers conferred by section 9 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997), the Finance Department, Government of Tamil Nadu hereby issues the following Standing Order for the guidance of all officers subordinate to it:

1. References have been received seeking clarification on the manner in which section 9 applies to the rating of securities by credit rating agencies.

2. The matter has been examined. Every credit rating agency carrying on the rating of securities shall make an application in Form D to the Depository within seven days, accompanied by a fee of one lakh rupees.

3. The Assistant General Manager shall ensure that research report is dealt with as directed above, and shall report compliance to the Depository within seven days.

4. Difficulties, if any, in the implementation of this standing order may be brought to the notice of the Finance Department, Government of Tamil Nadu.

(Secretary to Government)

Made under

Recital: "In exercise of the powers conferred by section 9 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997), the Finance Department, Government of Tamil Nadu hereby issues the following Standing Order for the guidance of all officers subordinate to it:". Names section 9 of the Tamil Nadu Protection of Interests of Depositors Act, 1997 (Tamil Nadu Act 44 of 1997) [S2K-5AV]. Vires verified.

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