Government orders inspections under Sec. 209A of the Companies Act, 1956 of the books of accounts of companies selected on account of complaints or other information relating to non-compliance with or violation of the provisions of the Companies Act, 1956 or other irregularities. Suitable action under the law is taken in case any non-compliance/ violation of the Companies Act comes to notice with regard to any company on the basis of inspection reports.
263 companies were inspected on the basis of complaints received against them from 1.4.2003 to 31.1.2009. The list of companies is attached and marked as Annex A.
Disclosures about the affairs of companies intended to inform the stakeholder the truth about the state of affairs of companies, have been mandated under the Companies Act, 1956. To facilitate making of such disclosures by companies, and for stakeholders and regulatory agencies to easily access and view them, Government has set up an electronic registry with round the clock access through internet. The Government has powers of inspection of the books of accounts of companies and also to investigate their affairs, if need be, under the Companies Act, 1956. In addition, the Act provides for appointment of independent, statutory auditors to audit the accounts and report to the shareholders. Such audited accounts are also displayed on the electronic registry for general viewing. While the reporting requirements are regulated under the Companies Act, 1956, the conduct of auditors is regulated under the Chartered Accountants Act, 1949. In addition, for listed companies, compliance with these statutory requirements is required to be certified by a company secretary in practice, who in turn is regulated under the Company Secretaries Act, 1980. Government has amended the Chartered Accountants Act, 1949 and the Company Secretaries Act, 1980 in 2006 to provide for a more effective disciplinary mechanism to deal with cases of misconduct by Chartered Accountants and Company Secretaries respectively. In 2006, the Government has notified Accounting Standards to enable accounts of companies to be drawn up and disclosed on the basis of fair, transparent and internationally accepted principles.
The Government has also introduced the Companies Bill, 2008 in the Lok Sabha to provide for a comprehensive revision of the Companies Act, 1956 including, inter alia, provisions that would enable more effective checks against irregularities/frauds by companies.
Annex A
Names of companies inspected on the basis of complaints
From 1.4.2003 to 31.1.2009
S.No.
Name of the Company
Venus Cements Ltd
Bharat Fuel Company Ltd
SR Industries Ltd
Majestic Industries Ltd
Shrenik Commercial Co Ltd
Deep Special Steals Ltd
Ashiana Agro Industries Ltd
Shruti Synthetics Ltd
PFG Ltd
Kashi Ispat Pvt Ltd
Viswkarma Cements Ltd
Sharman woolen mills Ltd
Arihant Threads Ltd
Bansware Syntex Ltd
Visisth Chay Vyapar Ltd
Druckgrafen India Ltd
Multimetals Ltd
UP Digitals Ltd
Majestic Securities Ltd
Shree Rajasthan Syntex Ltd
Mesco Pharmaceuticals Ltd
Banaras Beeds Ltd
Modern Syntex (India) Ltd
Delta Colonisers Ltd
Morepen Laboratories Ltd
Versatile Plantaitons Ltd
Vardhman Engineering Co. Pvt. Ltd
Modella Knitwear Ltd
Ashoka Polyfabrics Pvt Ltd.
Modern Denim Ltd
Status Management Services Ltd
Classic Shoes Pvt Ltd
Standard Appartments Pvt Ltd
Rajgah Investments Ltd
Rajasthan Breweries Ltd
Cossets Marketing Pvt Ltd
Arihant Industries Ltd
Thapar Spining Mills Ltd
Arihant Corporation Ltd
Escorts Finance Investment and Leasing Pvt Ltd
Shree Cements Ltd
Selfridge Automobile Leasing and Industries Ltd
Saimoh Auto Links Ltd
Hari parvat Merry Land & Resorts Ltd
Raymeb labs Ltd
Autopal Industries Ltd
Escorts Ltd
JCT Ltd
Dragon Fisheries Ltd
Mohan Meakin Ltd
Bhushan Steel & Strips Ltd
Rayban sun optics India Ltd
Modern Terry Towel Ltd
Modern Threads (India) Ltd
Rajindra Gymkhana & Mahindra Club Ltd
Mukerian Papers Ltd
Urban Improvement Co Pvt Ltd
ETI Travel and Technologies Pvt. Ltd
Escorts Finance Ltd
Sun City Projects Pvt Ltd
Kalyani Finance Ltd
Sagar Edutech Private Limited
DCM Financial Services Limited
SRG Infotech Ltd
Numatic Tubes Pvt. Ltd
Majestic Metaliks Limited
NIIT Limited
Doctor Morepen Limited
Harprashad Co Private Limited
South Delhi Club Limited
DCM Limited
Associated Chemical & Industries Ltd
Basti Sugar Mills Limited (RVD)
Govind Sugar Mills Ltd(RVD)
Ahluwalia Contracts (India) Limited
Petunia Finance Services Private Limited
Niketan Traders Private Limited
Shakun Enterprises Private Limited
Cross Trading Private Limited
KMG Milk Foods Limited
Radico Khaitan Ltd
U.P.Laminators Private Limited
Keshav Foods Ltd
AMRIT agro Industries Ltd
Kailash Motors Finance P Ltd
Middle East Estate Builders Private Limited
Commercial Automobiles Private Limited
Jaiprakash Associates Ltd
Kailash Motors Private Ltd
Commercial Engineers and Body Builders Company pvt Ltd
Reckitt Benckiser India Limited
U.G.Hotels and Resorts Ltd
STL Global Ltd(Shivalik Global Ltd)
Kailas Rubber Company Ltd
Nagarjuna Finance Ltd
Spectrum Power Generation Ltd
Shruti Oil Industries Ltd
Jumbo Bag Limited
Trichur Heart Hospital Ltd
Param Finance & Securities Ltd
Swadharma Swarajya Sangha
The Cochin Malabar Estates and Industries Ltd
Pentafour Products Ltd
The Pentafour Solac Technologies Ltd
Arudhra Paper and Board Ltd
The Nonsuch Tea Estates Ltd
Pioneer Bake House P Ltd
Anupama Homes P Ltd
Nagarjuna Fertilisers & Chemicals Ltd
Automobile Association of Southern India
ACI Limited
Teaktex Processing Complex Limited
The Madura Hindu Permanent Fund Ltd
Kirloskar Investment & Finance Ltd
Electrex (India) Ltd
NEPC India Ltd
Ootacamund Club
Al-Ameen Internatioanl Ltd
Prasad Productions Ltd
S&S Industries & Enterprises Ltd
Kumbakonam Mutual Benefit Fund Ltd
Reymound Commodities P Ltd
Hyderabad Race Club
S.S. Organics Ltd
Manali Petrochemiclas Ltd
Tamilnadu Viswakarma Mutual Benefit Fund Ltd
Saag RR Infra Ltd
Yeshaswi Ltd
Megacity (Bangalore) Developers and Builders Ltd
JR Foods Ltd
Imex Engineering Co. Ltd
Golden Carpets Ltd
Archana Software Ltd
North Madras Benefit Fund Ltd
KalaBhavan Studios Ltd
Central Travancore Specialists Hospitals Ltd
SDF Industries Ltd
First Commodities Exchange of India Ltd
Somatheeram Ayurvedic Beach Resorts P Ltd
Kumar Mutual Funds Ltd
Navarathna Business Developers P Ltd
SWP Madras Ltd
IGGI Resorts International Ltd
Oriental Hotels Ltd
Maxworth Country (I) Ltd
Leader Software P Ltd
West Coast Paper Mills Ltd
Sujara Universal Industries Ltd
Mode Finance Corporation Ltd
Palmour Agro Complex Ltd
CDR Health Care Ltd
Fourth Generation Systems Ltd
Terry Gold (India) Ltd
Leafin India Limited
Suryajothi Spinning Mills Ltd
Saffire Global Medicare Ltd
Emed.Com Technologies Ltd
Country Club (India) Ltd
Kiran Krishna Agro Tech Limited
Kiran Krishna Real Estates & Constructions Pvt Ltd
G.P.R Housing Limited
Harsha Leafin Commercial Limited
M/s. Fiat India Pvt. Ltd.
M/s. PCI Chemicals & Pharmaceuticals Ltd.
M/s. Lloyds Finance Ltd.
M/s. G. G. Automotive Gears Ltd.
M/s. Jyoti Weighing Systems Ltd.
M/s. Saswad Mali Sugar Factory Ltd.
M/s. Indusind Bank Limited.
M/s. Indocon Engg. Systems Ltd.
M/s. Swift Finlease (India) Limited.
M/s. Home Trade One Ltd
M/s. Home Trade Ltd.
M/s. Bombay Oxygen Corporation Ltd.
M/s. National Board of Trade Limited.
M/s. Home Trade Mktg. Ltd.
M/s. Sesa Goa Ltd.
M/s. Sesa Industries Ltd.
M/s. Vallabh Refactories Ceramics Ltd.
M/s. Reliance Capital Ltd.
M/s. Reliance Consolidated Enterprises P. Ltd
M/s. Kudrat Leasing & Investment P. Ltd.
M/s. Twin Roses Trades & Angencies Ltd.
M/s. Manna Glass Tech. Industries Ltd.
M/s. Hindustan Systems & Consultants P. Ltd
M/s. Indo Biotech Foods Ltd.
M/s. Good Value Mrketing Co. Ltd.
M/s. Lloyd Housing Finance Ltd.
M/s. Integrated Amusement Ltd.
M/s. Isibars Ltd.
M/s. Indo Biotech Herbal Products Ltd.
M/s. Blossom Brewaries Ltd.
M/s. Sun Earth Ceramics Ltd
M/s. Mafatlal Finance Co. Ltd.
M/s. J. F. Laboratories Ltd.
M/s. Sunstar Software System Ltd.
M/s. Blue Information Technology Ltd.
M/s. Phar East Laboratories Ltd.
M/s. Gujarat Concast Ltd.
M/s. Gujarat Fun & Water Park Ltd.
M/s. International Comptech Engg. Services Ltd.
M/s. Alpic Finance Ltd.
M/s. Enrai Finance Ltd.
M/s. Gold Multifab Ltd.
M/s. Sterling Biotech Ltd.
M/s. Fastrack Investments Services & Commercial Advisors Ltd.
M/s. Nexus Software Ltd.
M/s. Dynamatic Forgings India Ltd.
M/s. Kanel Oil Exports Ind. Ltd.
M/s. Jayant Vitamins Ltd.
M/s. Sawaca Communications Ltd.
M/s. Poonam & Patel Construction Ltd.
M/s. Roofit Industries Ltd.
M/s. Earnest Health Care Ltd.
M/s. Indian Seamless Steel & Alloys Ltd.
M/s. Prakash Fortron & Softech Ltd.
M/s. Enkay Texofoods Ltd.
M/s. Mazda Inds. & Leasing Ltd.
M/s. Pateja Forgings & Auto Parts Manufacturers Ltd.
M/s. Saurashtra Cement Ltd.
M/s. Alpine Industries Ltd.
M/s. Essar Oil Ltd.
M/s. Phil Corpn. Ltd.
M/s. International Finance & Tax Consultants Pvt. Ltd.
M/s. Hanil Era Textiles Ltd.
M/s. Gwalior Polypipes Ltd.
M/s. Benlux Hotels India Pvt. Ltd.
M/s. Manna Glass Tech. Inds. Ltd.
M/s. Lan Eseda Steel Limited
M/s. Joy Apartments Private Limited
M/s. Tainwala Chemicals & Plastics (India) Limited.
M/s. Godrej Industries Limited
M/s. Bajaj Hindustan Ltd.
M/s. Essar Steel Ltd.
M/s. Whirlpool (India) Ltd.
M/s. Dynavox Industries Ltd.
Pashupati Seohung Limited
Stone India. Limited
SBI Home Finance Limited
Star Tea Company Limited
Alliance Management & Fiscal Services Limited
Esskay Telecom Ltd
Delta International Limited
Idio Construction & Industries (India) Limited
Uniworth Limited
Rexor India limited
T & I Global Limited
Globe Stock & Securities Limited
Imeco Ltd
Duncan Industries Limited
Perfect Refractories Ltd
Ravico (India) Limited
Happy Valley Tea Company Limited
Capricorn Limited
Doshi Agents Private Limited
Seth Mehta & Co Private Limited
MNR Exports Private Limited
Vister Financiers Private Limited
Jagadishwar Pharmaceuticals Works Ltd
OCL India Limited
Universal Paper Mills Limited
Assambrook Limited
Dunlop India Limited
This information was given by the Minister of Corporate Affairs, Shri Prem Chand Gupta, in a written reply to a question in the Lok Sabha today.
No comments:
Post a Comment