<h1>Government Addresses Misuse of Public Funds by Companies; Introduces e-Form to Monitor IPO Fund Utilization.</h1> The Minister of State for Corporate Affairs informed the Rajya Sabha about complaints regarding the misuse of public issue funds by companies, including fund diversion and failure to meet project deadlines. Violations of the Companies Act, 1956, lead to prosecutions against companies and their officers, with FIRs filed if companies or directors are untraceable. Private detectives may be engaged to locate missing entities. An e-Form has been introduced for companies with IPOs to monitor fund use and detect diversions. During 2007-2010, multiple cases were filed for breaches of Sections 63, 68, and 628 of the Act.