TAG: MCA
Excl: MCA likely to strike off upto 400 Chinese companies over next 3 months
The Ministry of Corporate Affairs is likely to strike off as many as 400 Chinese companies in 17 states over the next three months due to incorporation and financial frauds. Over 700 Chinese companies are under probe by the MCA, a government official said...
2 months ago
MCA’s Byju’s investigation likely to focus on use of SPV funds: Official
The Ministry of Corporate Affairs is likely to investigate the flow and use of funds in a Special Purpose Vehicle (SPV) called Byju’s Alpha, the US unit of the embattled Indian edtech startup Byju's. The move comes as the company is facing legal action fr...
2 months ago
MCA explores disciplinary action against CAs, company secretaries in 500 Chinese companies
The Ministry of Corporate Affairs (MCA) has asked the Institute of Chartered Accountants of India (ICAI) and Institute of Company Secretaries of India to look into instances where action against their members may be merited. This is in regard to incorpora...
2 months ago
MCA probing Snapdeal, part of a wider investigation into past Chinese investments in 700 companies
The Ministry of Corporate Affairs (MCA) has initiated a probe into e-commerce platform Snapdeal for alleged regulatory violations and non-compliance with the Companies Act, a government official familiar with the matter told Moneycontrol.The probe was lau...
2 months ago