Sebi asks PFS to file action taken report on governance within four weeks

CARE Ratings monitoring developments at PFS

Securities and Exchange Board of India (Sebi) has asked PTC India Financial Services Ltd (PFS) to file an action taken report (ATR) within four weeks on corporate governance matters and issues raised by resigning directors. The capital market regulator director directed the company to address these issues before holding board meetings.

PFS, in late night filing with BSE, said the   company has received a communication dated 22nd January, 2022 from the SEBI informing that the company is directed to address the CG issues and all other issues raised by the resigning IDs and ex-Chairperson first.

A meeting of the Board