Corporate Law : Fraud in India's power & infrastructure sector remains rampant. Learn how Kautilya’s principles expose embezzlement tactics & ho...
CA, CS, CMA : Explore fraud indicators in PSU and Government contract audits, including billing fraud, bribery, kickbacks, change order abuse, c...
CA, CS, CMA : A client was scammed by a fraudster posing as VRL Logistics. Learn how to spot and avoid such scams to protect your business from ...
CA, CS, CMA : Explore fraudulent financial reporting, its impact on stakeholders, methods of detection, and prevention strategies....
Income Tax : In India, tax manipulation is a serious topic that involves both tax evasion and tax avoidance. Tax evasion is a criminal activity...
Finance : Government responds to rising QR code frauds, highlighting initiatives and awareness campaigns to safeguard digital payments in ru...
Corporate Law : SFIO investigates three EV companies for Rs. 297 crore subsidy fraud under FAME-II. Alleged violations include importing restricte...
Corporate Law : SFIO investigates 36 corporate fraud cases in the past 3 years, with 41 cases filed and 25 convictions. MRAU enhances fraud detect...
Corporate Law : Delhi Police Cyber Crime & CEIB warn against fake emails alleging child pornography & cyber crimes. Stay vigilant & report any sus...
Corporate Law : An urgent alert from Indian Cyber Crime Coordination Centre (I4C) about counterfeit emails impersonating its CEO. Learn how to rec...
Income Tax : Delhi High Court has directed readjudication in the case of Praveen Bansal Vs ITO, stating that the assessment order under Section...
Goods and Services Tax : Supreme Court's ruling in Sheetal Mittal vs. State of Rajasthan, where anticipatory bail was denied due to fabricated GST number a...
Corporate Law : HC held that domain name https://india-mart.co/ shall be immediately blocked. MeitY/DoT to issue blocking orders within 24 hours f...
CA, CS, CMA : Since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the A...
CA, CS, CMA : CBI Vs. Devendra Chaturvedi (Special Court for CBI at Greater Bombay) In nutshell, it is the allegation against accused that they ...
Company Law : NFRA issued a circular highlighting statutory auditors' obligations to report fraud in accordance with Companies Act, 2013. Circu...
Fema / RBI : Fraudsters attempt to get confidential details like user id, login / transaction password, OTP (one time password), debit / credit...
Fema / RBI : It is reiterated that all Concurrent Auditors are required to:- To cross verify that all outbound SWIFT messages vis-a-vis their c...
Fema / RBI : There have been reports in the media that in the wake of fraud involving a sum of USD 1.77 billion that has surfaced in Punjab Nat...
Supreme Court’s ruling in Sheetal Mittal vs. State of Rajasthan, where anticipatory bail was denied due to fabricated GST number and firm name
In recent times, India has seen an exponential increase in the number of fraudulent activities reported. According to the National Crime Records Bureau, India’s total reported fraud cases rose from 352 in 2015 to 2103 in 2019, which is a 496% jump in a span of five years.
Author aims to examine adequacy of Companies Act, 2013 against corporate frauds through analysing the definition of fraud as per Section 447 of Companies Act, 2013 and flaws that are present with reporting duty of auditors and independent directors.
Financial fraud refers to any illegal or unethical activity that is committed with the intent to deceive or defraud individuals or organizations for financial gain.
Detect unethical financial practices in Indian businesses with our comprehensive guide. Learn to recognize red flags and implement strategies for prevention.
Providing false evidence to Registrar or other authorities appointed under Companies Act, 2013 is a punishable offence with fine up to INR 1 lakh or 6 months jail or both, as per Section 449
Learn how Section 339 of the Companies Act 2013 addresses fraudulent conduct of business in India. Analysis of implications & effects on shareholders & stakeholders.
Section 212 of Companies Act, 2013 deals with investigation into the affairs of company by Serious Fraud Investigation Office (SFIO).
Sections 128-129 of the Act deal with punishment for fraud in companies and the manner in which investigations of such fraud are conducted.
Section 36 of Companies Act deals with criminal liability of companies for fraudulently inducing persons to invest money, while Section 447 relates to punishment for fraud.
