Financial Daily from THE HINDU group of publications
Wednesday, Jul 17, 2002
Financial Daily from THE HINDU group of publications Wednesday, Jul 17, 2002 |
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Regulatory Bodies & Rulings Corporate - Regulatory Bodies & Rulings Industry & Economy - Economic Offences DCA issues notice to Xerox Modi Our Bureau
NEW DELHI, July 16 THE Department of Company Affairs (DCA) has issued a notice to Xerox Modicorp, the Indian subsidiary of the US multinational, Xerox Corporation, to inspect its books of accounts. The department is planning to inspect the Indian subsidiary's books of accounts of the last five years instead of restricting the exercise to just a couple of years, according to Government officials. The DCA notice was issued to the company on July 12. "The company has to respond in seven-10 days time from the date of the notice," official sources said, adding that "till now no internal report has been received from the company".
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