CARE Ratings settles CRA rules violation case with Sebi; pays Rs 13 lakh ...Middle East

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CARE Ratings settles CRA rules violation case with Sebi; pays Rs 13 lakh
source : Business Standard ( Middle East ) () 54
CARE Ratings Ltd on Friday settled a case pertaining to alleged violation of Credit Rating Agencies (CRA) rules with markets regulator Sebi after paying Rs 13.05 lakh. The order came after CARE Ratings filed an application with Sebi proposing to settle the proceedings initiated against it, "without admitting or denying the findings of facts" through a settlement order. "In view of the acceptance of the settlement terms and the receipt of the settlement amount...the instant adjudication proceedings initiated against CARE Ratings Limited is disposed of in terms of...the Settlement Regulations," Sebi said. The Securities and Exchange Board of India (Sebi) had initiated adjudication proceedings

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