Ramkrishna Mokashi
(Chartered Accountant)
(734 Points)
Replied 09 December 2013
This Friend is in trouble. Loosing Job is a definite part. Possible actions a company can take in addition is dependent upon the company itself. But can range from Informing to ICSI, Financial Penalty (for the costs borne by Company for hiring / firing) to the filing of Case on Fraud.