Spirit of company law has been violated

On November 6, the Ministry of Corporate Affairs said that the Registrar of Companies (RoCs) cannot be expected to examine all the filing with a fine toothcomb. The ‘clarification’ was apparently a response to a spate of criticism regarding scrutiny of annual accounts filed with RoCs . The trigger for this criticism was l’affaire Robert Vadra-DLF in which DLF, a listed company, seems to have hobnobbed financially with a clutch of private companies owned directly or indirectly by Robert Vadra.

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