New Delhi: The Corporate Affairs Minister has ordered an inquiry into its books following complaints from numerous investors against real estate major DLF.
The senior officials of the ministry say they've received several complaints alleging that there are anomalies in the company's books.
Sources says that SEBI has sent a reference to the Ministry in this regard. The Companies Act empowers the ministry to call and scrunitise a company's books.
An e-mail sent to DLF remained unanswered despite repeated attempts.
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.
DLF, the country's largest realty firm, is already facing a probe by market regulator SEBI on an allegation that DLF has duped a city-based businessman of Rs 34 crore in collusion with its associate firm Sudipti Estates.
SEBI is carrying out an investigation of DLF, to check for violations, if any, of the provisions of the erstwhile Sebi (Disclosure and Investor Protection) Guidelines, 2000, by the company.
In August last year, competition watchdog CCI had imposed a penalty of Rs 630 crore for abuse of dominant market position. It also issued a 'cease and desist' order against imposing unfair conditions on the buyers of its flats.
DLF had challenged the CCI order with the Competition Appellate Tribunal (COMPAT), which had stayed CCI's order.
With additional information from PTI
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