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The Ministry of Corporate Affairs (MCA) has information of the companies which have violated the provisions of Company Law. This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance Corporate Affairs, in response to a written question in the Lok Sabha today. MCA either directly or through Regional Directors (RDs)/ Registrar of Companies (ROCs) receive complaints against companies from public (Individual/entities), from other Ministries etc., which are examined and acti
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FAQ :
The Ministry of Corporate Affairs (MCA), either directly or through Regional Directors (RDs) and Registrar of Companies (ROCs), ordered these actions.
The figures cover the last two financial years: 2018-19 and 2019-20.
Reasons include fraud, non-compliance with the Companies Act, failure to refund public deposits, complaints from other ministries, complaints from banks regarding company borrowings, and orders from courts or tribunals.
There were 878 inquiries ordered under Section 206(4).
Cases involving fraud that require multi-disciplinary action, significant public interest, and large financial transactions are assigned to the Serious Fraud Investigation Office (SFIO).
Based on the findings of the inquiry, prosecutions can be filed under the provisions of the Companies Act, 2013.
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