<h1>India's Corporate Affairs Ministry Uses Early Warning System to Prevent Fraud by Analyzing Financial Indicators Since 2009.</h1> The Ministry of Corporate Affairs in India implemented an Early Warning System (EWS) in 2009 to prevent corporate frauds like the Satyam case by analyzing financial and non-financial indicators. The system scrutinizes balance sheets of listed and certain unlisted companies based on criteria such as related party transactions, profitability changes, and cash balances. Companies identified through initial criteria undergo further analysis, including audit report reviews and changes in directors or promoters' stakes. The system also generates lists of companies with director disqualifications, unpaid deposits, or unfiled reports, focusing on public interest issues like unreturned deposits and unfiled annual returns.