Mainak resigns as CARE Ratings chief after Sebi asks for his removal

S B Mainak has resigned as chairman of Treatment Rankings, the business reported in a stock trade notification just after the marketplace regulator reportedly requested for his elimination.

The Securities and Exchange Board of India (Sebi) nudged the rating agency just after a forensic report reported Mainak experienced requested his personnel to not improve the scores of Infrastructure Leasing and Fiscal Solutions (IL&FS), the bankrupt shadow banker, the Financial Situations documented on Thursday.

Consultancy company EY earlier this week gave Sebi a report recording employee statements, WhatsApp messages and phone recordings of Treatment staff.

Mainak, a previous controlling director of Life Insurance policies Company, was an unbiased director and chairman of Treatment Rankings. In December, CARE’s controlling director and chief government officer (MD & CEO) Rajesh Mokashi resigned just after a whistleblower complaint alleged administration interference in scores of firms, such as IL&FS.

In August 2019, Moody’s India arm ICRA

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SC asks parties to reveal pending criminal cases against poll candidates

The Supreme Court docket on Thursday directed all political functions to add on their web-site aspects of pending criminal scenarios from candidates contesting polls, noting that there has been an alarming improve in criminalisation of politics.

The apex court explained political functions will also have to add causes for choosing candidates with pending criminal scenarios on their web-site.

The court passed orders on a contempt plea which lifted the challenge of criminalisation of politics declaring that instructions offered by the apex court in its September 2018 verdict relating to disclosure of criminal antecedents by candidates are not being followed.

A bench headed by Justice F Nariman also directed that political functions will publish these aspects on social media platforms like Facebook and Twitter and in one nearby vernacular and one nationwide newspaper.

The top court explained political functions will have to submit a compliance report in this regard to the

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