<h1>Ministry of Corporate Affairs Takes Action on 782 Companies Violating Companies Act, 1956; Implements Fraud Prevention Measures.</h1> Over the past five years, the Ministry of Corporate Affairs received 782 inspection reports on companies, leading to penal actions against those violating the Companies Act, 1956. In response to a Rajya Sabha inquiry, the Minister of Corporate Affairs highlighted measures to curb corporate fraud: implementing an Early Warning System for alerts, establishing a Market Research and Analysis Unit within the Serious Fraud Investigation Office, and requiring certain companies to file balance sheets in Xtensible Business Reporting Language (XBRL) for enhanced data analysis and alert generation.