Last month, Sebi had served a notice on ICICI bank chief Chanda Kochhar on dealings of the bank with Videocon Group and Nupower. The ministry, which is implementing the Companies Act, has powers to take stringent action against entities for violations.
During an Idea Exchange at The Indian Express office, MCA president Ajay Shirke, who has previously held the position of Treasurer in BCCI, talks about the issues regarding the Lodha Committee recommendations to BCCI and scams
"If a centre does it, the next day, the International Cricket Council will strike off that venue as an international match centre. I don’t understand how such recommendations get into such a well-researched document ,” asked Shirke.