Government officials have lodged FIRs and slapped fines to the tune of Rs 1 crore on hospitals involved in frauds.
Deloitte says it has no role to play in the downfall of IL&FS as it resigned as auditors of the company in March 2017.
Among the most widely used packages have been treatment of cataract, dental root canal and normal delivery of babies.
'These firms do not contravene provisions of Chartered Accountants Act, 1949, which bar members of the countries not allowing Indians to practice accountancy in their jurisdiction to become chartered accountants in India,' said the committee, headed by Anurag Agarwal, a joint secretary in the ministry of corporate affairs, and such Indian audit firms cannot be equated with multi-national corporations.
The ministry said some urgent amendments are not there in the ordinance but are required for strengthening the corporate governance
In the second phase of action against shell companies, the MCA is also trying to trace the directors of 'vanishing' companies
The government has already struck off 226,000 companies from the register for not filing statutory returns
These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad
Apart from shell companies, 'vanishing' companies are also on the ministry's radar. As many as 400 companies are not traceable, despite being listed on the bourses.
911 have been traced by the Securities and Exchange Board of India (Sebi), while the rest of the 402 are not traceable on the bourses
When shares in the electronic form are available with the depositories, it acts as primary evidence for those who hold the shares.
Thousands of unlisted companies registered with RoCs will soon go under watch on lines similar to the oversight by the Securities and Exchange Board of India of listed companies.
Bhavdeep Singh, the CEO of Fortis Healthcare said that they haven't been able to focus on the business due to an internal issue, especially with regard to the promoters
By April, operational guidelines for the scheme will be finalised and shared with states
While the basic premise and spirit of the Code will remain the same, the commas and the full-stops in the draft report being prepared by a high-level committee will make interpretation of the law simpler
The rules are being framed to maintain absolute transparency and fair play in investigations.
ICAI intends to investigate the chartered accountants of PNB but the bank allegedly refuses to give the information sought.
'What would be questioned next?' 'Will the Copernicus theory of the sun being the centre of the universe, or Newton's theory of gravity?' asks Veena Mani.
The order was passed with dissent by two members, and four members feeling that there had been abuse of the search engine's dominant position.
A surge in taxi fares earlier led Maharashtra govt to set up committee to recommend prices for these players
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