Monday, March 17, 2025 | 01:11 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

MCA orders probe against CG Power, inspection report to be ready soon

The office of the MCA's regional director, western region, is in charge of the probe

Renewable energy transmission projects to get 'national importance' tag
Premium

Ruchika Chitravanshi New Delhi
CG Power and Industrial Solutions is under the lens of the Ministry of Corporate Affairs (MCA), which has ordered an inspection into the affairs of the company, said a senior government official. 

The probe was triggered after auditors of the power equipment maker resigned a few months ago.

“The inspection report will be ready soon and appropriate action will be taken,” the senior government official added.

After convening a board meeting that ran into the wee hours of the morning, the company announced that it will restate earnings after discovering “suspect, unauthorised and undisclosed” transactions.

The office of the MCA’s

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in