Corporate Laws: Recent News Snippets

August 27, 2009
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MCA plans system in 2 months to detect fraud in early stages

According to an official of the ministry of corporate affairs, who did not wish to be identified, a seven-member internal committee headed by an additional secretary of the ministry of corporate affairs (MCA) has been working to evolve a mechanism of early detection of corporate frauds.  “The idea is to find out a set of parameters to identify the symptoms of fraud at its early stage so that no bigger debacle takes place at a later stage. A group of people in my ministry are already on the job,

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