MCA orders probe into Gensol, BluSmart for corporate governance violations

The corporate affairs ministry has ordered a probe into Gensol Engineering Ltd, BluSmart, and other affiliates to ascertain if the entities have been involved in any corporate governance violations, people familiar with the matter said.“Investigation ordered under Section 210 of Companies Act has been ordered last week,” one of the persons said.

Section 210 deals with investigation into the affairs of a company. A report will be submitted to the government within three months detailing the findings. “… if the probe reveals serious allegations…