Order in the matter of PTC India Ltd.
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What is this order about?
This order concerns Rajib Kumar Mishra, the former Chairman and Managing Director of PTC India Ltd., for alleged violations of corporate governance norms and failure to ensure effective board functioning.
Who it concerns
Rajib Kumar Mishra
What was found or directed
- SEBI found violations of LODR Regulations and Code of Conduct for Board of Directors
- Failure to ensure effective functioning of the Board
- Failure to facilitate Independent Directors to function effectively
- Failure to recuse himself and disclose interest in CMD appointment process
- Engagement of legal expenses not pertaining to business purpose
- Taking possession of official computer system after SEBI restraining order
| Source body | Securities & Exchange Board of India (SEBI) — enforcement orders |
| Reference number | — |
| Status | closed (section: order) |
| Year | 2025 |
| Closing date | — |
| Documents | 1 |
Highlights & Points worth asking
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Documents
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Order
2025-09-30
PTC_India_Ltd.pdf
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