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<h1>MCA Probes Salt Experiences & Hero MotoCorp for Corporate Governance Under Sections 210(1)(c) & 216, Report Pending.</h1> The Ministry of Corporate Affairs (MCA) initiated an investigation in June 2023 into M/s. Salt Experiences and Management Private Limited (SEMPL) and M/s. Hero MotoCorp Limited under Sections 210(1)(c) and 216 of the Companies Act, 2013. Conducted by the Office of Regional Director (Northern Region), the report was submitted to the Central Government. Despite recent claims suggesting no corporate governance breaches or fund diversion, the report is still under examination, and no definitive conclusions have been reached.
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