IF A LISTED COMPANY'S MANAGEMENT IS INVOLVED IN A CERTAIN FRAUD, WHICH IS NOT READILY VISIBLE AS A LAYMAN ON VISUALISING FINANCIAL DOCS, THEN WHAT IS THE REMEDY FOR A SUFFERRING SHAREHOLDER? UNDER WHICH STATUTORY CLAUSE OF LAW CAN WE NAIL THEM DOWN? WHETHER IT'S CARO, CLAUSE 49, SARBANES OXLEY ACT OR ANY OTHER?
1 Replies
CA Jatin Kacha
(Chartered Accountant)
(230 Points)
Replied 30 March 2013
There are many remedy mentioned in the company law for the shareholder.
It is depends what fraud has been carried out by the Managament.
Most of time it is not visible because management itself carried out such fraud.
Recent Topics
- GSTIN Suspended Form GST Reg 17
- Request for GST Clarification regarding ITC
- Is Capital Gain exemption available for Property a
- EPF CONTRIBUION BY EMPLOYER
- Letter of credit -seller procedure
- Filling form 26 QB
- RPT AND ITC ISSUE
- Tax Liability and ITC Summary related Issues
- REQUIRED FORMAT FOR AMENDMENT TO PARTNERSHIP DEED
- TDS Applicability on Hotel Room Rent Exceeding Rs
Related Threads
CAclubindia
