250 Companies with Satyam links under SFIO scanner
File details
File description
The net is being cast wider with every company that has done a transaction with Satyam now coming under the scanner of the Serious Fraud Investigation Office (SFIO), which got permission to probe Satyam's transactions with as many as 250 companies. All the companies will have to divulge information regarding the nature of their business with Satyam, according
to Section 240 of The Companies Act, 1956.
"The RoC had asked for an explanation but the reply from Satyam was not found to be satisfactory. Hence, a broader investigation was ordered," a senior official said. #doc
Comments
Recent Files in Audit
View more →Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
