MCA plans ‘intensive review’ of companies law administration

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MCA plans ‘intensive review’ of companies law administration




The government plans to carry out an “intensive review” of the administration of companies law as part of efforts to prevent instances of corporate frauds, according to a senior official.

The government plans to carry out an “intensive review” of the administration of companies law as part of efforts to prevent instances of corporate frauds, according to a senior official.




In the wake of over Rs 13,000 crore scam at Punjab National Bank (PNB), involving diamond merchants Nirav Modi and Mehul Choksi, various authorities, including Ministry of Corporate Affairs (MCA), have initiated stringent measures.The ministry, which is implementing the companies law, is working to “tighten the screws” in order to prevent instances of corporate frauds, a senior official said.

The Economic Times, New Delhi, 02nd April 2018

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