EARC said it has not received intimation of any inspection being conducted by the MCA, in a statement on Thursday. According to reports, the MCA initiated the probe under section 206 of the Companies Act, which permits the Centre to inspect the books of a firm if it feels that circumstances warrant it, but this does not imply guilt.source https://economictimes.indiatimes.com/industry/banking/finance/ministry-of-corporate-affairs-initiates-inspection-of-books-of-edelweiss-arc/articleshow/81584572.cms
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