Key Points
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 Polices Economic Offences Wing, which had investigated allegations of financial irregularities at the company, they said.. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and InnovationVisitIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisit..
The company confirmed receipt of the notice and in a reply to ETs questions, said it was related to an inquiry that started in 2022..
In 2022, the MCA had sought information from BharatPe on its internal governance, investment in mutual funds and stock options offered to independent directors including chairman and former State Bank of India chief Rajnish Kumar...
We are extending all possible cooperation to the authorities," the spokesperson said.. BharatPe has also been embroiled in a legal tussle with cofounder Grover and his wife Madhuri Jain, who was the companys head of controls..
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