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Zerodha Asset Management and its founder, Nithin Kamath, have been fined by the government for delays in appointing a Chief Financial Officer (CFO). The fines imposed include ₹5 lakh on Zerodha, ₹4 lakh on Kamath, ₹5 lakh on Bhuvanesh, and ₹3.45 lakh on Jain. Zerodha has admitted to violating Section 203 of the Companies Act by not appointing a CFO within the specified time period but is now contesting the order. This development has raised questions about corporate governance and compliance within the company.
#MCPersonalFinance | Can mutual fund house be made liable for bad investment decisions? Read about SEBI's fine imposed on HSBC #MutualFund for not recording detailed reasons behind purchase and sale of shares 👇 https://t.co/wJGn6PaQXr @Abhinavkaul
#Zerodha Asset Management fined over CFO appointment; read what the government's penalty notice says https://t.co/muYfGCbswX
#LeadStoryOnET | #DGGI ends FY18 GST proceedings against #Infosys https://t.co/51tapL160v
