Close Menu
  • Homepage
  • Local News
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
  • Business
  • Technology
  • Health
  • Lifestyle
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
Facebook X (Twitter) Instagram Pinterest
JHB NewsJHB News
  • Local
  • India
  • World
  • Politics
  • Sports
  • Finance
  • Entertainment
Let’s Fight Corruption
JHB NewsJHB News
Home»Business»India’s Brickwork Ratings mulls “legal recourse” after shutdown order
Business

India’s Brickwork Ratings mulls “legal recourse” after shutdown order

October 8, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
India’s Brickwork Ratings mulls “legal recourse” after shutdown order
Share
Facebook Twitter LinkedIn Pinterest Email

India’s Brickwork Scores stated it’s contemplating “acceptable authorized recourse” after the nation’s market regulator ordered the credit standing agency to wind down operations inside six months, citing repeated lapses and violations.

The Securities and Alternate Board of India (SEBI) in a uncommon order on Thursday cancelled Brickwork’s registration certificates and prevented it from taking over new enterprise, saying a number of probes discovered violations reminiscent of delay in recognition of default of non-convertible debentures and failure to assessment scores even after receiving details about delayed funds.

“Brickwork Scores finds the current allegations to be a stunning improvement,” it stated in an announcement late on Friday, including it had taken “well timed course correction measures” consistent with regulatory directions.

The ranking company “is totally cooperating with the authorities to make sure all compliances are satisfactorily met. In parallel, the corporate can also be contemplating acceptable authorized recourse within the matter,” it stated.

SEBI didn’t instantly reply to a request for remark outdoors enterprise hours.

The regulator has stated it investigated Brickworks on a number of events and had undertaken a joint inspection with the India’s central financial institution.

SEBI has been tightening disclosure guidelines for credit standing companies since 2016 in a bid to spice up transparency and accountability after various sudden sharp adjustments to company scores.



Source link

Brickwork Indias legal Mulls order ratings recourse Shutdown
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Pakistan Stock Exchange: KSE100 witnesses largest single-day decline, plunges 6,482.2 points as ‘Operation Sindoor’ continues | Business News

May 9, 2025

IMF Board should look “deep within” before bailing out Pakistan: FS ahead of key Fund meet | Business News

May 9, 2025

India to retaliate if UK introduces carbon tax, says official | Business News

May 9, 2025

India–UK trade deal text expected in 3 months; No MIP on UK Whisky: Official | Business News

May 9, 2025
Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Steve Kerr announces major decision on Jonathan Kuminga and Trayce Jackson-Davis’ role in Warriors-Timberwolves series

May 9, 2025

Indian Envoy’s Photo Proof Of Pak-Sponsored Terror

May 9, 2025

Michelle Obama Reveals Cruel Joke Barack Made After Her Mother’s Death

May 9, 2025

One UI 8 Watch Leak as Samsung Galaxy Watch 8 Hits FCC

May 9, 2025
Popular Post

gold etf optimism 20 years later

Why some like it hot: The science of spiciness

Market cap of 10 most valued firms erodes by ₹1.68 lakh crore: Report

Subscribe to Updates

Get the latest news from JHB News about Bangalore, Worlds, Entertainment and more.

JHB News
Facebook X (Twitter) Instagram Pinterest
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
© 2025 Jhb.news - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.