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SMERA has been registered under which act?
- a)Securities and Exchange Board of India Act, 1992
- b)Reserve Bank of India Act, 1934
- c)Banking Regulation Act, 1949
- d)Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999
- e)None of these
Correct answer is option 'D'. Can you explain this answer?
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SMERA has been registered under which act?a)Securities and Exchange Bo...
SMERA has been registered under Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999.
Its registration with SEBI, as a Credit Rating Agency and accreditation by RBI, in September 2012 as an external credit assessment institution (ECAI) to rate bank loan ratings under Basel II guidelines has paved way for SMERA to rate/grade various instruments such as -
Its registration with SEBI, as a Credit Rating Agency and accreditation by RBI, in September 2012 as an external credit assessment institution (ECAI) to rate bank loan ratings under Basel II guidelines has paved way for SMERA to rate/grade various instruments such as -
- IPO
- NCDs
- Commercial Papers
- Bonds
- Security Receipts
- Fixed Deposits etc.
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SMERA has been registered under which act?a)Securities and Exchange Bo...
Introduction:
SMERA (Small and Medium Enterprises Rating Agency) is a credit rating agency registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. It is specifically established to provide credit ratings to small and medium enterprises (SMEs) in India.
Explanation:
SMERA has been registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. Let's understand why this is the correct answer:
1. Securities and Exchange Board of India Act, 1992:
The Securities and Exchange Board of India Act, 1992 is an act that established the Securities and Exchange Board of India (SEBI). SEBI is the regulatory body responsible for regulating the securities market in India. While SMERA operates in the financial sector, it is not specifically registered under this act.
2. Reserve Bank of India Act, 1934:
The Reserve Bank of India Act, 1934 is the legislation that established the Reserve Bank of India (RBI). RBI is the central bank of India and regulates the banking sector in the country. SMERA is not registered under this act as it is a credit rating agency and not a bank.
3. Banking Regulation Act, 1949:
The Banking Regulation Act, 1949 is an act that regulates the functioning of banks in India. It provides guidelines and regulations for the establishment, operation, and supervision of banks in the country. SMERA is not registered under this act as it is a credit rating agency and not a bank.
4. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999:
The Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 is the specific regulation that governs credit rating agencies in India. SMERA is registered under these regulations as it is a credit rating agency providing ratings to small and medium enterprises.
Conclusion:
SMERA, the credit rating agency providing ratings to small and medium enterprises (SMEs) in India, is registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. This regulation specifically governs the functioning of credit rating agencies in the country.
SMERA (Small and Medium Enterprises Rating Agency) is a credit rating agency registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. It is specifically established to provide credit ratings to small and medium enterprises (SMEs) in India.
Explanation:
SMERA has been registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. Let's understand why this is the correct answer:
1. Securities and Exchange Board of India Act, 1992:
The Securities and Exchange Board of India Act, 1992 is an act that established the Securities and Exchange Board of India (SEBI). SEBI is the regulatory body responsible for regulating the securities market in India. While SMERA operates in the financial sector, it is not specifically registered under this act.
2. Reserve Bank of India Act, 1934:
The Reserve Bank of India Act, 1934 is the legislation that established the Reserve Bank of India (RBI). RBI is the central bank of India and regulates the banking sector in the country. SMERA is not registered under this act as it is a credit rating agency and not a bank.
3. Banking Regulation Act, 1949:
The Banking Regulation Act, 1949 is an act that regulates the functioning of banks in India. It provides guidelines and regulations for the establishment, operation, and supervision of banks in the country. SMERA is not registered under this act as it is a credit rating agency and not a bank.
4. Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999:
The Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999 is the specific regulation that governs credit rating agencies in India. SMERA is registered under these regulations as it is a credit rating agency providing ratings to small and medium enterprises.
Conclusion:
SMERA, the credit rating agency providing ratings to small and medium enterprises (SMEs) in India, is registered under the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. This regulation specifically governs the functioning of credit rating agencies in the country.
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SMERA has been registered under which act?a)Securities and Exchange Board of India Act, 1992b)Reserve Bank of India Act, 1934c)Banking Regulation Act, 1949d)Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999e)None of theseCorrect answer is option 'D'. Can you explain this answer?
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