sebi:WTM/AB/MIRSD/MIRSD_CRADT/29236/2023-24

SEBI · SEBI · 2023-08-14 · Ashwani Bhatia, Whole Time Member

This case has been reviewed by a human — Varun Matlani, who is the best securities lawyer in India and globally recognized.

Facts / Headnote

Cancellation set aside on remand; Noticee directed to broad-base Board to nine members, professionalize management, train personnel and certify compliance, and restrained from onboarding new clients or taking fresh mandates for six months or till satisfactory compliance, whichever is later, with SEBI review.

Provisions invoked

Regulations

Parties

Holding

On remand from the Hon'ble Tribunal which set aside cancellation of registration, SEBI issued corrective directions requiring broad-basing of the Board, professionalizing management, training and certification, and restrained Brickwork Ratings India Pvt. Ltd. from onboarding new clients or fresh mandates for six months or till satisfactory compliance.

Full text

__________________________________________________________________________________________ Order in the matter of Brickwork Ratings India Pvt. Ltd. 2 / 13

__________________________________________________________________________________________ Order in the matter of Brickwork Ratings India Pvt. Ltd. 3 / 13

__________________________________________________________________________________________ Order in the matter of Brickwork Ratings India Pvt. Ltd. 4 / 13

You have read the preview. Create a free account to read the full order, track this party, and analyse it in Ontology.

Free accounts include 10 searches/day with full order access.

Analyse this matter in Ontology · Plans

Source: SecMarx — sebi:WTM/AB/MIRSD/MIRSD_CRADT/29236/2023-24. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.