Key Points
BENGALURU, Aug 4 (Reuters) - India's Ministry of Corporate Affairs (MCA) is examining irregularities in Zee Entertainment Enterprises (ZEE.NS) as alleged by the market regulator, ET Now reported on Friday...
The MCA has taken cognizance of the Securities and Exchange Board of India's (SEBI) interim order which alleged bogus book entries and siphoning of funds, and is probing lapses in corporate governance issues, the report added, citing sources...
SEBI on June 12 had banned Zee's Chairman Subhash Chandra and CEO Punit Goenka from holding any board positions in listed companies for a year, alleging active involvement in the diversion of funds to the group's other listed entities and related firms related to founding shareholders...
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Ministry of Corporate Affairs to probe SEBI's allegations against Zee, report
04, Aug, 23India's Ministry of Corporate Affairs is investigating alleged irregularities in Zee Entertainment Enterprises following allegations made by the market regulator, SEBI. The ministry is examining alleged bogus book entries and siphoning of funds, as well as lapses in corporate governance