MCA seeks fast submission of inspection report on Byju’s; company says 'complied with' govt directions

The Ministry of Corporate Affairs (MCA) has requested a swift investigation into potential corporate governance issues at Byju's and will determine whether to involve the Serious Fraud Investigation Office or the National Financial Reporting Authority based on the findings. Byju's has faced scrutiny after the resignation of directors and auditors over delays in financial results. The MCA is also finalizing amendments to the Companies Act, which may include changes to the statutory audit mechanism.

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