Parminder Chopra, who has the additional charge of chairman and managing director (CMD) of the company along with being the director of finance at PFC was a nominee director at PTC India and part of the RMC that looked at corporate governance issues at PTC India arm.
SEBI is believed to be questioning PTC India and its CMD on why the company did not prioritise the appointment of new independent directors after four of them resigned citing corporate governance issues.
PFS, which has been battling allegations of corporate governance lapses, has in the past year and a half seen resignations by several independent directors and got show-causes notices from both the stock market and banking regulators.