<h1>Ministry Scrapped Fraud Warning System After Unsuccessful Test; 184 Companies Probed, SFIO Gets Rs. 51.39 Crore Funding.</h1> The Ministry tested an early warning system for corporate frauds in 2013-14 but discontinued it due to unsatisfactory results. Non-compliance with the Companies Act is identified through company filings and complaints to the Ministry or SFIO. From 2011 to early 2015, investigations were ordered into 184 companies for alleged fraud, with SFIO submitting reports on 102. Prosecutions have been initiated against companies and individuals as needed. Since 2003, SFIO has received Rs. 51.39 crore in funding. Key measures include enhanced disclosure norms, defining fraud with penalties, granting SFIO statutory status, and introducing asset attachment and disgorgement provisions under the Companies Act, 2013.