TMI BlogCorporate Frauds.X X X X Extracts X X X X X X X X Extracts X X X X ..... Corporate Frauds. - News and Press Release Dated:- 5-9-2011 - News - Press Information Bureau Government of India Ministry of Corporate Affairs 05-September-2011 18:21 IST Corporate Frauds There is no verified information available to suggest that the cases of corporate frauds are on the increase. Number of prosecutions filed for the violations of the provisions o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Companies Act, 1956 for the last three years are as under :- Year No. of Prosecutions Total fine imposed 2007-08 17080 Rs. 111.84 lakh 2008-09 13971 Rs. 110.58 lakh 2009-10 9021 Rs. 92.30 lakh Since 2006, the Ministry has implemented MCA-2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1, an e- Governance project, bringing greater transparency as the data available in the public domain can be viewed by any person. The Ministry has also evolved System to help in detecting likely fraud at an early state. In the process of development of Early Warning System (EWS), the Ministry has identified certain Risk Parameters which can be run on the data available with the Ministry of Corpor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ate Affairs, on financial statements furnished by the companies in e-forms developed by the Ministry. The Minister of State for Corporate Affairs Shri R.P.N. Singh gave this information in reply to a question in the Rajya Sabha today. ******* ST/BS - 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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