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MCA may remove up to 400 Chinese companies in 3 months over financial fraud; more than 700 under probe: Report

By Livemint - 3 months ago
According to Section 248 of the Companies Act, the companies will be sent a notice, giving them time to respond. If they fail to respond, another follow-up notice will be sent a month after the initial one. Failure to respond to the notices will result in the removal of the companies.

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