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Byju’s denies financial irregularities, says ‘not privy to any report by MCA’

ThehindubusinesslineThehindubusinessline · 1y ago
Byju’s denies financial irregularities, says ‘not privy to any report by MCA’
Medial

India's edtech giant Byju's has denied any financial irregularities following reports that the Ministry of Corporate Affairs (MCA) has submitted a report on alleged violations and irregularities. Byju's stated that it has not seen the report, but confirmed there are no financial irregularities in the company. The MCA's investigation arm has reportedly alleged over a dozen Companies Act violations. Separately, Byju's shareholders obtained an interim order from the Karnataka High Court preventing resolutions passed at an extraordinary general meeting in February from being implemented, as well as four investors challenging a $200m rights issue through the National Company Law Tribunal.

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