ROC officials hold site examination at Jubilee hills complex
ROC officials hold site examination at Jubilee hills complex
Officials of the Registrar of Companies today conducted "site examination" at a complex in Jubilee Hills here, which houses some firms owned by family members of B Ramalinga Raju of Satyam Computers.
On information that multiple companies were allegedly operating from the same address the inspection was done, official sources said.
When contacted, a senior ROC official confirmed the development.
The official said the site inspection was to verify the records of some companies if there are any "irregularities" with respect to the registration address and other details.
About reports that the ROC officials conducted searches at the office premises and found over 100 companies "illegally" functioning under one roof, the ROC official clarified, saying "It is not searches or raids. It is a routine exercise...it is site examination.
Our officials are collecting details and based on their report more details can come out."
The Registrar of Companies comes under Ministry Of Corporate Affairs.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.