Sebi imposes a penalty of Rs 1-crore on Brickwork Rating India

on Tuesday imposed a penalty of Rs 1 crore on Brickwork Rating India for violation of Regulations. and RBI had conducted a joint inspection, where they found lapses.


.


“Though there is no allegation of any malafide on the part of the noticee, the failure by the noticee is blameworthy and serious considering the degree of responsibility bestowed upon it by the statute,” Sebi’s adjudicating officer said in an order.


.

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor



First Published: Wed, September 30 2020. 01:09 IST