SFIO had forwarded a complaint made by Shri N.C Bakshi, regarding irregularities and mismanagement in the affairs of The Delhi and District Cricket Association (DDCA) to the Ministry of Corporate Affairs. The Ministry ordered inspection under section 209A of the Companies Act, 1956, into the affairs of DDCA on 28-09-2012. The inspection of DDCA was carried out by a team led by Regional Director (Northern Region) wherein one officer from SFIO was associated. Based on the findings of this inspection, Regional Director (RD)/ Registrar of Companies (RoC) was instructed to take action on violations of sections 36, 150, 166/210, 209(1), 209(3)(b), 211 read with Schedule VI, 217(3),285, 299, 303,309, 314 and 211(3A)/(3C) of the Companies Act, 1956 read with Accounting Standards- 5, 15, 18, 19, 22 and 29.

 This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Rajya Sabha.

Inspection under Companies Act prompts regulatory action over alleged corporate mismanagement and accounting compliance failures. Inspection under section 209A of the Companies Act was carried out into DDCA after a complaint alleging irregularities and mismanagement; the inspection team found multiple compliance and governance deficiencies and the Regional Director/Registrar of Companies was instructed to take action for breaches of statutory provisions and specified Accounting Standards.