Penal Action Against Fraudulent Companies

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....enal Action Against Fraudulent Companies <br>News and Press Release<br>Dated:- 30-4-2013<br><BR>During last five years i.e. from 2008-09 to 2012-13 a total of 782 inspection reports in respect of comp....

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....anies were received in the Ministry of Corporate Affairs. Based on the findings in the inspection reports, penal actions have been taken against the companies and their directors/officers in default f....

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....or violation of various provisions of the Companies Act, 1956. Giving this information in written reply to a question in the Rajya Sabha, Shri Sachin Pilot, Minister of Corporate Affairs, said that th....

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....e Ministry has taken following steps to keep effective check on frauds/ irregularities committed by companies: (i) An Early Warning System has been devised to generate alerts on the basis of certain ....

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....parameters; (ii) Market Research and Analysis Unit has been set up in the Serious Fraud Investigation Office; and (iii) Certain class of companies have been mandated to file their balance sheets in ....

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....Xtensible Business Reporting Language (XBRL) mode for analysis of data and generation of alerts on the basis of certain parameters. KKP/sg (Release ID :95358)<BR> News - Press release - PIB....