Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
SEBI Issues Comprehensive Master Circular For ESG Rating Providers
SEBI & SCRA
On July 12, 2023, the Securities and Exchange Board of India (SEBI) issued a Master Circular for Environmental, Social, and Governance (ESG) Rating Providers (ERPs), consolidating guidelines and regulations from the Securities and Exchange Board of India (Credit Rating Agencies) Regulations, 1999. \r
This circular serves as a comprehensive reference for all procedural and disclosure requirements for ERPs, streamlining the regulatory framework. ERPs must comply with the conditions in the Master Circular and ensure their systems and infrastructure are adequate. The responsibility for compliance lies with each ERP's Board of Directors, underscoring the importance of governance. \r
Additionally, the Master Circular introduces stringent monitoring mechanisms, including a mandatory yearly internal audit to ensure adherence to its provisions, as stipulated under Regulation 28S of the CRA Regulations.
