Tech

MCA Orders Probe Into BluSmart Over Governance Lapses

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SUMMARY

The ministry ordered a probe last week under Section 210 of the Companies Act, which deals with investigation into the affairs of a company

The probe report will be submitted to the MCA in the next three months

The Centre could hand over the probe to the Serious Fraud Investigation Office (SFIO) if the preliminary investigation reveals “serious allegations of fraud”

The corporate affairs ministry (MCA) has reportedly ordered a probe into Gensol Engineering and its…

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