TMI BlogInspection of CompaniesX X X X Extracts X X X X X X X X Extracts X X X X ..... Inspection of Companies - News and Press Release Dated:- 20-2-2009 - News - Government orders inspections under Sec. 209A of the Companies Act, 1956 of the books of accounts of companies selected on account of complaints or other information relating to non-compliance with or violation of the provisions of the Companies Act, 1956 or other irregularities. Suitable action under the law is taken in case any non-compliance/ violation of the Companies Act comes to notice with regard to any company on the basis of inspection reports. 263 companies were inspected on the basis of complaints received against them from 1.4.2003 to 31.1.2009. The list of companies is attached and marked as Annex A. Disclosures about the affairs of companies int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ended to inform the stakeholder the truth about the state of affairs of companies, have been mandated under the Companies Act, 1956. To facilitate making of such disclosures by companies, and for stakeholders and regulatory agencies to easily access and view them, Government has set up an electronic registry with round the clock access through internet. The Government has powers of inspection of the books of accounts of companies and also to investigate their affairs, if need be, under the Companies Act, 1956. In addition, the Act provides for appointment of independent, statutory auditors to audit the accounts and report to the shareholders. Such audited accounts are also displayed on the electronic registry for general viewing. While ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the reporting requirements are regulated under the Companies Act, 1956, the conduct of auditors is regulated under the Chartered Accountants Act, 1949. In addition, for listed companies, compliance with these statutory requirements is required to be certified by a company secretary in practice, who in turn is regulated under the Company Secretaries Act, 1980. Government has amended the Chartered Accountants Act, 1949 and the Company Secretaries Act, 1980 in 2006 to provide for a more effective disciplinary mechanism to deal with cases of misconduct by Chartered Accountants and Company Secretaries respectively. In 2006, the Government has notified Accounting Standards to enable accounts of companies to be drawn up and disclosed on the ba ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sis of fair, transparent and internationally accepted principles. The Government has also introduced the Companies Bill, 2008 in the Lok Sabha to provide for a comprehensive revision of the Companies Act, 1956 including, inter alia, provisions that would enable more effective checks against irregularities/frauds by companies. Annex A Names of companies inspected on the basis of complaints From 1.4.2003 to 31.1.2009 S.No. Name of the Company Venus Cements Ltd Bharat Fuel Company Ltd SR Industries Ltd Majestic Industries Ltd Shrenik Commercial Co Ltd Deep Special Steals Ltd Ashiana Agro Industries Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Shruti Synthetics Ltd PFG Ltd Kashi Ispat Pvt Ltd Viswkarma Cements Ltd Sharman woolen mills Ltd Arihant Threads Ltd Bansware Syntex Ltd Visisth Chay Vyapar Ltd Druckgrafen India Ltd Multimetals Ltd UP Digitals Ltd Majestic Securities Ltd Shree Rajasthan Syntex Ltd Mesco Pharmaceuticals Ltd Banaras Beeds Ltd Modern Syntex (India) Ltd Delta Colonisers Ltd Morepen Laboratories Ltd Versatile Plantaitons Ltd Vardhman Engineering Co. Pvt. Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Modella Knitwear Ltd Ashoka Polyfabrics Pvt Ltd. Modern Denim Ltd Status Management Services Ltd Classic Shoes Pvt Ltd Standard Appartments Pvt Ltd Rajgah Investments Ltd Rajasthan Breweries Ltd Cossets Marketing Pvt Ltd Arihant Industries Ltd Thapar Spining Mills Ltd Arihant Corporation Ltd Escorts Finance Investment and Leasing Pvt Ltd Shree Cements Ltd Selfridge Automobile Leasing and Industries Ltd Saimoh Auto Links Ltd Hari parvat Merry Land Resorts Ltd Raymeb labs Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Autopal Industries Ltd Escorts Ltd JCT Ltd Dragon Fisheries Ltd Mohan Meakin Ltd Bhushan Steel Strips Ltd Rayban sun optics India Ltd Modern Terry Towel Ltd Modern Threads (India) Ltd Rajindra Gymkhana Mahindra Club Ltd Mukerian Papers Ltd Urban Improvement Co Pvt Ltd ETI Travel and Technologies Pvt. Ltd Escorts Finance Ltd Sun City Projects Pvt Ltd Kalyani Finance Ltd Sagar Edutech Private Limited DCM Financial Services Limited SRG Infotech Ltd Numatic ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Tubes Pvt. Ltd Majestic Metaliks Limited NIIT Limited Doctor Morepen Limited Harprashad Co Private Limited South Delhi Club Limited DCM Limited Associated Chemical Industries Ltd Basti Sugar Mills Limited (RVD) Govind Sugar Mills Ltd(RVD) Ahluwalia Contracts (India) Limited Petunia Finance Services Private Limited Niketan Traders Private Limited Shakun Enterprises Private Limited Cross Trading Private Limited KMG Milk Foods Limited Radico Khaitan Ltd U.P.Laminators Private Limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Keshav Foods Ltd AMRIT agro Industries Ltd Kailash Motors Finance P Ltd Middle East Estate Builders Private Limited Commercial Automobiles Private Limited Jaiprakash Associates Ltd Kailash Motors Private Ltd Commercial Engineers and Body Builders Company pvt Ltd Reckitt Benckiser India Limited U.G.Hotels and Resorts Ltd STL Global Ltd(Shivalik Global Ltd) Kailas Rubber Company Ltd Nagarjuna Finance Ltd Spectrum Power Generation Ltd Shruti Oil Industries Ltd Jumbo Bag Limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Trichur Heart Hospital Ltd Param Finance Securities Ltd Swadharma Swarajya Sangha The Cochin Malabar Estates and Industries Ltd Pentafour Products Ltd The Pentafour Solac Technologies Ltd Arudhra Paper and Board Ltd The Nonsuch Tea Estates Ltd Pioneer Bake House P Ltd Anupama Homes P Ltd Nagarjuna Fertilisers Chemicals Ltd Automobile Association of Southern India ACI Limited Teaktex Processing Complex Limited The Madura Hindu Permanent Fund Ltd Kirloskar Investment Finance Ltd Electrex (India) Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... NEPC India Ltd Ootacamund Club Al-Ameen Internatioanl Ltd Prasad Productions Ltd S S Industries Enterprises Ltd Kumbakonam Mutual Benefit Fund Ltd Reymound Commodities P Ltd Hyderabad Race Club S.S. Organics Ltd Manali Petrochemiclas Ltd Tamilnadu Viswakarma Mutual Benefit Fund Ltd Saag RR Infra Ltd Yeshaswi Ltd Megacity (Bangalore) Developers and Builders Ltd JR Foods Ltd Imex Engineering Co. Ltd Golden Carpets Ltd Archana Software Ltd North Madras Benefit F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... und Ltd KalaBhavan Studios Ltd Central Travancore Specialists Hospitals Ltd SDF Industries Ltd First Commodities Exchange of India Ltd Somatheeram Ayurvedic Beach Resorts P Ltd Kumar Mutual Funds Ltd Navarathna Business Developers P Ltd SWP Madras Ltd IGGI Resorts International Ltd Oriental Hotels Ltd Maxworth Country (I) Ltd Leader Software P Ltd West Coast Paper Mills Ltd Sujara Universal Industries Ltd Mode Finance Corporation Ltd Palmour Agro Complex Ltd CDR Health Care Ltd ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Fourth Generation Systems Ltd Terry Gold (India) Ltd Leafin India Limited Suryajothi Spinning Mills Ltd Saffire Global Medicare Ltd Emed.Com Technologies Ltd Country Club (India) Ltd Kiran Krishna Agro Tech Limited Kiran Krishna Real Estates Constructions Pvt Ltd G.P.R Housing Limited Harsha Leafin Commercial Limited M/s. Fiat India Pvt. Ltd. M/s. PCI Chemicals Pharmaceuticals Ltd. M/s. Lloyds Finance Ltd. M/s. G. G. Automotive Gears Ltd. M/s. Jyoti Weighing Systems Ltd. M/s. Saswad Ma ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... li Sugar Factory Ltd. M/s. Indusind Bank Limited. M/s. Indocon Engg. Systems Ltd. M/s. Swift Finlease (India) Limited. M/s. Home Trade One Ltd M/s. Home Trade Ltd. M/s. Bombay Oxygen Corporation Ltd. M/s. National Board of Trade Limited. M/s. Home Trade Mktg. Ltd. M/s. Sesa Goa Ltd. M/s. Sesa Industries Ltd. M/s. Vallabh Refactories Ceramics Ltd. M/s. Reliance Capital Ltd. M/s. Reliance Consolidated Enterprises P. Ltd M/s. Kudrat Leasing Investment P. Ltd. M/s. Twin Roses Trades Angencies Ltd. M/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s. Manna Glass Tech. Industries Ltd. M/s. Hindustan Systems Consultants P. Ltd M/s. Indo Biotech Foods Ltd. M/s. Good Value Mrketing Co. Ltd. M/s. Lloyd Housing Finance Ltd. M/s. Integrated Amusement Ltd. M/s. Isibars Ltd. M/s. Indo Biotech Herbal Products Ltd. M/s. Blossom Brewaries Ltd. M/s. Sun Earth Ceramics Ltd M/s. Mafatlal Finance Co. Ltd. M/s. J. F. Laboratories Ltd. M/s. Sunstar Software System Ltd. M/s. Blue Information Technology Ltd. M/s. Phar East Laboratories Ltd. M/s. Gujarat Concast Ltd. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M/s. Gujarat Fun Water Park Ltd. M/s. International Comptech Engg. Services Ltd. M/s. Alpic Finance Ltd. M/s. Enrai Finance Ltd. M/s. Gold Multifab Ltd. M/s. Sterling Biotech Ltd. M/s. Fastrack Investments Services Commercial Advisors Ltd. M/s. Nexus Software Ltd. M/s. Dynamatic Forgings India Ltd. M/s. Kanel Oil Exports Ind. Ltd. M/s. Jayant Vitamins Ltd. M/s. Sawaca Communications Ltd. M/s. Poonam Patel Construction Ltd. M/s. Roofit Industries Ltd. M/s. Earnest Health Care Ltd. M/s. Indian Seamless Stee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l Alloys Ltd. M/s. Prakash Fortron Softech Ltd. M/s. Enkay Texofoods Ltd. M/s. Mazda Inds. Leasing Ltd. M/s. Pateja Forgings Auto Parts Manufacturers Ltd. M/s. Saurashtra Cement Ltd. M/s. Alpine Industries Ltd. M/s. Essar Oil Ltd. M/s. Phil Corpn. Ltd. M/s. International Finance Tax Consultants Pvt. Ltd. M/s. Hanil Era Textiles Ltd. M/s. Gwalior Polypipes Ltd. M/s. Benlux Hotels India Pvt. Ltd. M/s. Manna Glass Tech. Inds. Ltd. M/s. Lan Eseda Steel Limited M/s. Joy Apartments Private Limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... M/s. Tainwala Chemicals Plastics (India) Limited. M/s. Godrej Industries Limited M/s. Bajaj Hindustan Ltd. M/s. Essar Steel Ltd. M/s. Whirlpool (India) Ltd. M/s. Dynavox Industries Ltd. Pashupati Seohung Limited Stone India. Limited SBI Home Finance Limited Star Tea Company Limited Alliance Management Fiscal Services Limited Esskay Telecom Ltd Delta International Limited Idio Construction Industries (India) Limited Uniworth Limited Rexor India limited T I Global Limited ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Globe Stock Securities Limited Imeco Ltd Duncan Industries Limited Perfect Refractories Ltd Ravico (India) Limited Happy Valley Tea Company Limited Capricorn Limited Doshi Agents Private Limited Seth Mehta Co Private Limited MNR Exports Private Limited Vister Financiers Private Limited Jagadishwar Pharmaceuticals Works Ltd OCL India Limited Universal Paper Mills Limited Assambrook Limited Dunlop India Limited This information was given by the Minister of Corporate Affairs, Shri Prem Chand Gup ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ta, in a written reply to a question in the Lok Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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