The government today said it has initiated action against practicing professionals who had certified the in-correct particulars submitted by 12 listed companies.
"The Ministry of Corporate Affairs has directed its regional directors to initiate inquiry against those practicing professionals who had certified 12 cases of wrong e-filing by certain listed companies in their e-forms," an official statement said.
The MCA during examination has found 12 cases of wrong e-filing, wherein the data furnished in the e-forms were totally different as compared to the records of the company.
It said if found guilty in preliminary enquiry by the regional director, the concerned professional institute would be told to initiate an enquiry under their regulations.
"[In that case] the concerned professional shall be debarred to submit any document on MCA portal till final enquiry report is received from the respective professional institutes," it said.
MCA has been favouring companies to go for electronic filing of returns, which would help do away with human intervention while getting MCA approvals.
For this purpose, MCA has entrusted practicing professionals registered as members of the professional bodies namely, ICAI, ICSI & ICWAI with the responsibility of ensuring integrity of documents filed by the companies with MCA in electronic mode.