[ad_1] Arohan Financial Services faced a temporary default rating downgrade due to regulatory norms outlined in the SEBI circular dated November 18, 2024. However, the company was simultaneously upgraded by rating agency ICRA. Company Value Change %Change The downgrade stemmed from a delay in transferring ₹44,609 in interest payments to six debenture holders. The delay […]
SEBI eases norms for settlement of inactive brokerage accounts – CNBC TV18
[ad_1] Market regulator SEBI has eased settlement norms for brokerage accounts inactive for over 30 days to streamline operations and reduce procedural burdens for brokers. Funds from such accounts will now be returned on the next scheduled monthly settlement date, as specified in stock exchanges’ annual calendars. Company Value Change %Change Previously, brokers were required […]
Axis AMC, Axis MF Trustee settle alleged TER breach with SEBI, pay ₹16.57 lakh – CNBC TV18
[ad_1] Axis Asset Management Company (Axis AMC) and Axis Mutual Fund Trustee Limited have agreed to pay ₹16.57 lakh to settle allegations of breaching SEBI regulations related to the total expense ratio (TER) and mutual fund norms. According to a settlement order issued by the Securities and Exchange Board of India (SEBI) on November 26, […]