Vedvyas Finance Penalised ₹30k for Governance Breach

RBI imposed a ₹30,000 monetary penalty on Vedvyas Finance Private Ltd for violating governance directions.
The breach involved appointing a director without RBI prior written permission, changing over 30% of its board (excluding independents).
RBI issued a show‑cause notice, considered the company's reply and oral submissions before confirming the penalty.
The penalty is regulatory; it does not affect any transaction validity but leaves scope for further RBI action.