Last Reviewed On: May 08, 2023 (Version 3.0)

1. With respect BD activities - Discount Approval on Rating Fee (Initial Rating, Enhancement or Surveillance) will have to be approved as per internal Delegation of Authority document.
2. With respect to Analytical Operations and Processes - Any deviation from laid down policies will have to be approved by an official at the level of Chief Rating Officer. Such deviations should not be in contravention of prevailing SEBI regulations for CRAs.