Govt to take necessary action in Gensol case after examining Sebi's order

Q: How long will it take to read this news story?

The story "Govt to take necessary action in Gensol case after examining Sebi&#039;s order" has 145 words across 7 sentences, which will take approximately 1 - 2 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Govt to take necessary action in Gensol case after examining Sebi&#039;s order" was covered 10 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 271 news stories per day. It's most recent story was published 3 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28097054</li><li>URL: https://citrocola.beamstart.com/news/govt-to-take-necessary-action-17452341547288</li></ul>

Business Standard Logo Business Standard 10h ago

Govt to take necessary action in Gensol case after examining Sebi's order - Business Standard

Quick Summary:

The corporate affairs ministry on Monday said it will take necessary action in the Gensol Engineering matter after examining market regulator Sebi's order against the company.

The order came amid accusations of siphoning off loan funds from their publicly listed company Gensol Engineering for personal use, raising concerns over corporate governance and financial misconduct.

When contacted, the Ministry of Corporate Affairs (MCA) told PTI that it is examining the Sebi order in light of the provisions of the Companies Act, 2013.