Question
Which former executive of Care Ratings has been barred by SEBI from associating with any stock market intermediary for two years?
Solution
The Securities and Exchange Board of India (Sebi) directed Rajesh Mokashi, former Managing Director & Chief Executive Officer (CEO) of Care Ratings to not associate with any stock market intermediary for a period of two years. The market regulator, meanwhile, disposed of the proceedings against SB Mainak, the former Non-Executive Chairman of Care Ratings, noting that there was insufficient material on record to prove any interference in the ratings process.
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