The Centre fined the company for delaying the appointment of a Chief Financial Officer (CFO) within the stipulated timeframe set by the Ministry of Corporate Affairs (MCA)
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According to reports, the Ministry of Corporate Affairs has levied individual penalties on Zerodha’s key personnel. Founder and Director Nithin Kamath, director Rajanna Bhuvanesh, and CEO Vishal Virendra Jain were fined Rs 4.08 lakh, Rs 5 lakh, and Rs 3.45 lakh, respectively
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