Cases of corporate frauds are on the increase

Last updated: 05 September 2011

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 of the Companies Act, 1956 for the last three years are as under :- YearNo. of ProsecutionsTotal fine imposed 2007-0817080Rs. 111.84lakh 2008-0913971Rs. 110.58lakh 2009-109021Rs. 92.30lakh Since 2006, the Ministry has implemented MCA-21, an e- Governanceproject, bringing greater
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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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