MCA orders investigation on Speak Asia.
New Delhi (mlmnewblog) – The Registrar of Companies (RoC) has been given go ahead by the ministry of corporate affairs (MCA) to investigate Speak Asia. The same was also confirmed by D.K. Mittal, secretary, MCA. He said that an investigation has been initiated but the top officials of Speak Asia denied that it had received any communication till date from MCA, ROC or any other government agency.
“Since Speak Asia is not registered in India, an inquiry under section 591 of the Companies Act, 1956, which deals with companies not registered in India, has been ordered and accordingly the RoC will investigate,” said the MCA officials.
The investigation will be done under RoC Delhi team where they will be assisted by the deputy RoC, Mumbai.
The aspects ROC will look into:-
- Why has it not registered with MCA so far.
- What are its investments.
- How is it conducting its business.
- Where is the money coming from.
- How is it paying to the members, etc.,