TMI BlogCorporate FraudsX X X X Extracts X X X X X X X X Extracts X X X X ..... Corporate Frauds - News and Press Release Dated:- 27-2-2016 - News - From 2012-13 up to 31-01-2016 the Ministry has ordered investigations through Serious Fraud Investigation Office (SFIO) of this M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... inistry into the affairs of 258 companies allegedly indulging in fraudulent/ illegal activities. Of these, 116 investigations have been completed and reports submitted to the Ministry, while in 08 cas ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... es, investigations have been stayed by the Courts. Further, out of the completed investigations, Ministry has ordered filing of prosecutions in 102 cases, against companies/ directors/ officers in def ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ault on account of various non-compliances/ offences committed under the Companies Act, 1956 and other Statutes, as recommended in the investigation reports. Steps taken by the Ministry include: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the term Fraud has been defined in the Companies Act, 2013 ; Stricter norms of Corporate Governance and their implementation in the Companies Act, 2013 ; Statutory status to the Seriou ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s Fraud Investigation Office (SFIO); Increasing application of technology for early detection of frauds through data mining and Forensic Audit, etc. This was stated by Shri Arun Jaitley, Minis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter of Corporate Affairs in written reply to a question in the Lok Sabha. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... TMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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