(a) whether Government has received complaints about alleged irregularities in the
functioning of Reliance Industries Ltd. and its allied companies;
(b) if so, the details thereof; and
(c) the action taken by the Government in the matter?
(a) whether Government has received complaints about alleged irregularities in the
functioning of Reliance Industries Ltd. and its allied companies;
(b) if so, the details thereof; and
(c) the action taken by the Government in the matter?
THE MINISTER OF STATE IN THE MINISTRY OF CORPORATE AFFAIRS (SHRI R.P.N. SINGH)
(a) & (b): The Ministry of Corporate Affairs has received complaints against M/s Reliance
Industries Ltd and its allied companies for diversion of funds to its subsidiaries and fudging
of accounts, etc.
(c): The complaints have been got examined through Registrar of Companies, Mumbai and it is
found that the company has made necessary disclosures in accordance with the Accounting
Standards and has complied with provisions of Section 372A of the Companies Act, 1956 and
hence, no further action is called for.