TaxTMI 
TaxTMI 
Scrutiny inspection and investigation in all winding up cases.
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....tors Subject: Scrutiny inspection and investigation in all winding up cases. Sir, It has been noticed that winding up petitions are being filed by management after having committed major violations under the Companies Act, 1956 as well as misappropriation of funds of the company. Winding up of such companies are also being filed by creditors. In order to curb such malpractices following procedu....
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....) Capital structure and shareholding pattern; (iv) Financial position and working results; (v) Comments on filing position and compliances of Schedule VI read with Accounting Standards; (vi) Nature of complaints registered on MCA-21, their nature and any noticeable findings; (vii) Whether any complaint was received alleging that the company is involved in fraudulent activities, siphoning of fu....
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....ports and qualifications made by the auditors on accounts of the company; (xiv) Whether company or its members/creditors have requested for investigation into the affairs of the company, if so, the details thereof. (c) MCA will take a final view in the matter within a period of 15 days from the date of receipt of preliminary report from ROC. If any inspection under Section 209A and/or investigat....