DCA collects more documents from Ferguson on TFL
Wednesday, August 21 2002 12:09 Hrs (IST)
Mumbai: The department of company affairs (DCA) has taken possession of additional
documents from the chartered accountancy firm A F Ferguson & Company involving Tata
Finance Limited (TFL) controversy.
The inspection of the documents pertaining to the finance company was likely to be
completed shortly, registrar of companies (Mumbai) Vijayan Menon told reporters,
after emerging out of the chartered accountancy firm's headquarters in South Mumbai
on August 20.
The DCA officials have been carrying out inspection since August 19 and have already
taken possession of some documents earlier.
The documents pertaining to TFL would be returned to the accountancy firm in 30 days
as per provisions of the Company Act.
The inspection of documents follows search and seizure operations carried out
according to Section 234 of the Company Act.
Following reports of shredding of certain documents, relating to TFL, DCA swung into
action and began the investigations.