MCA fined Zerodha AMC and founder Nithin Kamath for late CFO appointment, violating Companies Act 2013.

The Ministry of Corporate Affairs (MCA) fined Zerodha Asset Management Private Limited (Zerodha AMC) and its key executives, including founder Nithin Kamath, for failing to appoint a Chief Financial Officer (CFO) within the mandatory time frame, violating Section 203 of the Companies Act, 2013. The company, as well as its directors, have been given 90 days to pay the penalties.

August 02, 2024
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