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Provisions for Enquiring Into Irregularities of Corporates

No instance of Satyam Computers like corporate fraud and malfeasance has so for come to light. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin Pilot, Minister for Corporate Affairs, said that alleged irregularities are enquired into through the following measures:

¢ Conducting technical scrutiny of the Balance Sheets and other documents of companies by the Registrar of Companies, under Section 234 of the Companies Act, 1956;

¢ Inspection of the books of accounts and other records of companies under Section 209A of the Act;

¢ Investigation into the affairs of companies under Section 235/ 237 of the Companies Act, 1956.

Tags: Balance sheetCompanies ActCompanies Act 1956Corporate Affairs MinistryLokSabhaRegistrar of CompaniesSachin PilotShri Sachin Pilot

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