Ministry of Corporate Affairs initiates inspection of books of Edelweiss ARC

EARC said it has not received intimation of any inspection being conducted by the MCA, in a statement on Thursday. According to reports, the MCA initiated the probe under section 206 of the Companies Act, which permits the Centre to inspect the books of a firm if it feels that circumstances warrant it, but this does not imply guilt.

from Banking/Finance-Industry-Economic Times https://ift.tt/30Xeoiu