Policies & Disclosures

Our commitment to integrity, transparency, and compliance with SEBI guidelines.

Building Trust Through Transparency

At ACER, we operate with the highest standards of ethics and regulatory compliance. Below you can access our official policies and disclosures.

Nomination and Remuneration Committee (NRC)

Dr. M.S. Sahoo

Independent Director

Former CGA of Ministry of Finance, Former Chairman of the J&K Committee

Sunil Mehta

Chairman

Former CEO of IBA, former MD & CEO of PNB

Ratings Sub-committee of the Board (RSC)

Ajay Kumar Choudhary

Independent Director

Chairman NPCI, former Executive Director of RBI

Dr. M.S. Sahoo

Independent Director

Former CGA of Ministry of Finance, Former Chairman of the J&K Committee

Dr. Girraj Prasad Gupta

Independent Director

Former Chairman of IBBI, former SEBI Whole-time Member

Audit & Risk Committee (ARC)

Dr. Girraj Prasad Gupta

Independent Director

Former Chairman of IBBI, former SEBI Whole-time Member

Ajay Kumar Choudhary

Independent Director

Chairman NPCI, former Executive Director of RBI

Kamlesh Kumar Taneja

Executive Director

Former General Manager at Central Bank of India

Policy Hub

Code of Conduct

Our analysts and committees follow a strict Code of Conduct to ensure objectivity and independence in ratings.

Key Principles:

Integrity in all rating assignments.
Independence from commercial or issuer influence.
Confidentiality of client information.
No conflict of interest in rating decisions.

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Conflict of Interest Policy

ACER has a clearly defined framework to avoid and manage conflicts of interest.

Policy Highlights:

Analysts cannot rate entities where they have financial interest.
Issuer-pays model disclosures are made public.
Separate teams for commercial (business development) and analytical functions.
Rating committee decisions are independent and free from commercial pressures.

ACER ensures complete separation of commercial considerations and analytical judgments.

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Rating Withdrawal Policy

Ratings may be withdrawn under specific conditions, in line with SEBI regulations.

Conditions for Withdrawal:

Full redemption of the rated instrument.
Non-cooperation by issuer (after due notices).
Upon regulatory approval, if applicable.

Process:

Issuer request → Due diligence by analysts → Rating Committee review → Public disclosure.

ACER ensures complete separation of commercial considerations and analytical judgments.

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Contact for Compliance Queries

Chief Compliance Officer

compliance@acerratings.com

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Disclaimers

Ratings are not investment recommendations.

All disclosures are published in compliance with SEBI and are updated on a periodic basis.