ministry of corporate affairs

BharatPe received a fresh notice from the Ministry of Corporate Affairs, seeking details from the digital payments company about its working and the proceedings it had initiated against cofounder Ashneer Grover, people in the know told ET.The ministry also asked questions over the findings in a status report filed by the Delhi Police’s Economic Offences Wing, which had investigated allegations of financial irregularities at the company, they said.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

Published By: Paras YadavLast Updated: June 15, 2023, 17:43 ISTHero Motocorp (Photo: IANS)Hero MotoCorp, India's largest manufacturer of motorcycles, said in a statement to Reuters that it had not received any communication from the governmentIndia’s Ministry of Corporate Affairs has ordered an investigation to assess Hero MotoCorp’s relationship with a third-party vendor in a case related to alleged diversion of funds, two government sources told Reuters on Thursday.The investigation has been ordered in the “public…

The Internet and Mobile Association of India (IAMAI) has made its final submissions to the committee on digital competition law (CDCL) following an opposition from some of its members who alleged that the industry body was pushing the interests of Big Tech companies over Indian internet companies.In the final submission, the IAMAI has argued against the prescription of ex-ante regulations, saying that ex ante measures "may limit growth not only of the market in question but the digital economy altogether". ET has reviewed…

The government will soon embark upon a campaign to create awareness about cryptocurrencies and online gaming. The Investor Protection and Education Fund (IPEF), which falls under the Ministry of Corporate Affairs, will launch an outreach campaign highlighting the legal status of cryptocurrencies and online gaming platforms, said a government official. It is aimed at educating people about the risks of putting money into such assets and platforms. This development comes as many small and retail investors in the country are…

New Delhi, India's most-valued edtech startup Byju's has finally received an 'unqualified' report from auditor Deloitte on its financial results for FY21 that will be shared with the board members this week and with the equity and debt investors next week, top sources said.An 'unqualified' report means that the financial statements of a company are fair and transparent based on thorough research, putting to rest all speculations about Byju's poor financial health.People privy to the development told IANS that the edtech…