MCA orders inspection of DLF books

The Corporate Affairs Ministry has ordered inspection into the books of accounts of realty major DLF in view of complaints received from investors regarding company's accounts. “We have ordered the Regional Director (North) to carry out inspection under Section 209 of the Companies Act. There are several complaints from investors alleging that there are anomalies in the company's books,” a senior official told PTI. Under Section 209 of the Act, companies are required to maintain “at its registered office proper books of account” and the MCA has the power to call and scrutinise those books. An e-mail sent to DLF remained unanswered despite repeated attempts. The sources further added that the Securities and Exchanges Board of India (SEBI), too, has sent a reference to the MCA in this regard.