Question : IRREGULARITIES IN CORPORATE COMPANIES



(a) whether the Government has noticed “Satyam Computers” like irregularities in any other corporate companies;

(b) if so, the details thereof and action taken in this regard;

(c) whether the Government has any mechanism to check such irregularities; and

(d) if so, the details thereof?

Answer given by the minister


THE MINISTER OF STATE (SHRI SACHIN PILOT) (INDEPENDENT CHARGE) IN THE MINISTRY OF CORPORATE AFFAIRS

(a) & (b) No instance of corporate fraud and malfeasance noticed in the case, has so for come to light.

(c) & (d) Alleged irregularities are enquired into through the following measures:-

# Conducting technical scrutiny of the Balance Sheets and other documents of companies by the Registrar of Companies, under Section 234 of the Companies Act, 1956;

# Inspection of the books of accounts and other records of companies under Section 209A of the Act;

# Investigation into the affairs of companies under Section 235/237 of the Companies Act, 1956.