Sunday, April 29, 2018

MCA to probe Nupower Renewables

Ministry of Corporate Affairs has started an inspection  into the filings made by Nupower Renewables, a company owned by Deepak Kochhar, since its inception in 2008, for violations of the Companies Act, if any.

The MCA’s Mumbai office has sought details of investments made into the company, including by Videocon, and sought valuation reports based on which it received investments from overseas.

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