Prannoy and Radhika Roy also cannot hold management positions in NDTV during this period.
Following the IL&FS default, Sebi plans to overhaul the governance structure of rating firms.
The central bank’s action against Batliboi on Monday came after it found several lapses in the audit report of Yes Bank, said a person privy to the matter.
Four credit rating agencies are being probed by the SFIO and the new IL&FS board.
The Sebi move comes in the wake of defaults and delayed repayments by companies.
The issue was discussed in the Sebi-appointed Primary Market Advisory Committe (PMAC).
This would be the first time Sebi has questioned the pact between fund houses and Essel.
The agency is seeking information about the funding of ITNL by IFIN since LIC was one of the lenders to IL&FS.
Sebi wants to know the amount of cover considered while assigning ratings to NCDs.
The matter will be heard next on July 22. Sebi has to file its reply within six weeks.
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