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India s Ministry of Corporate Affairs is examining irregularities in Zee Entertainment Enterprises as alleged by the Securities and Exchange Board of India (SEBI), ET Now reported on Friday, citing sources. ....
India s Ministry of Corporate Affairs is investigating alleged irregularities in Zee Entertainment Enterprises following allegations made by the market regulator, SEBI. The ministry is examining alleged bogus book entries and siphoning of funds, as well as lapses in corporate governance ....
The MCA has taken cognizance of the Securities and Exchange Board of India s (SEBI) interim order which alleged bogus book entries and siphoning of funds, and is probing lapses in Zee Entertainment s corporate governance issues, the report said. Shares of the media and entertainment company fell as much as 3.9% after the report ....
Despite making substantial investments in their digital businesses leading broadcast networks, such as Disney Star, Viacom18 and Zee, depend on traditional linear television as their primary revenue source, according to media industry experts ....