2 min read
Journalism of Courage
Premium
This is an archive article published on June 15, 2011
12 listed cos face 8216;false information8217; scan
MCA will probe management and auditors of 12 listed companies.
MCA will probe management and auditors of 12 listed companies,including Raj Television Network and Surya Lakshmi Cotton Mills,for allegedly providing false information about the shareholding pattern.
8220;Ministry of Corporate Affairs MCA believes the 12 companies under scanner furnished false info regarding their share breakup to Regional Directors RDs,8221; an official said.
The ministry is likely to soon ask the Regional Directors concerned to probe role of auditors of the companies and also of their top management.
8220;If found guilty,top officials of the companies could face jail term of up to two years and the auditors could lose their licence,8221; the official said.
Examination of these companies,he said,showed 8220;abnormal8221; number of shareholders.
Two companies had only one shareholder each,while another firm showed it has 29.20 crore shareholders,he said.
The companies,which are under scanner are Deevee Commercials,Greenearth Resources amp; Projects and Karuna Impex Enterprises all Kolkata based.
Story continues below this ad
Naturite Agro Products Hyderabad,Raj Television Network Chennai,Suryalakshmi Cotton Mills Secunderabad and Turbotech Engineering Mumbai.
Welterman International Vadodara,Karmath Leasing amp; Holdings,Parv Holdings,Eastern Fibre Industries and Mahan Eximp.
Advertisement
Live Blog
PHOTOS
Top Stories
Advertisement
Must Read
Advertisement
Buzzing Now
- 01
- 02
- 03
- 04
- 05
Advertisement