PR No.96/2011
Order in the matter of application dated June 11, 2009 made by
Infomerics Valuation and Rating Pvt. Ltd. for grant of registration as a credit rating agency
Shri M.S. Sahoo, Whole Time Member, SEBI, has passed an Order dated June 24, 2011, in the captioned matter. The Order contains the following directions to Infomerics Valuation and Rating Pvt. Ltd.:
(a) Indicate as to which entity is its promoter(s) along with the basis of considering the entity as such, and;
(b) Submit audited annual accounts of its promoter(s) for the last five years alongwith the computation of net worth as per the SEBI prescribed formula, at the latest by July 15, 2011 failing which the application would be deemed to be rejected.
Further, SEBI has been directed to take a decision on basis of the details provided by the applicant in pursuance to the Order, at the latest by August 15, 2011 in accordance with the law.
The full text of the order is available on the website: www.sebi.gov.in
Mumbai
June 24, 2011