Stock Market Regulator of India orders Forensic Audit of Shell Companies


India’s Stock Markets regulator, Securities Exchange Board of India (SEBI) has ordered forensic audit of three firms

  1. Mumbai Based Trinity Tradelink,
  2. Chennai based Info–Drive Software which was also known as Info Drive Computers Limited
  3. Delhi based 17 years old Edynamics Solutions

All the three companies figured amongst 331 suspected shell companies that was published by SEBI earlier.

Though the names of the forensic auditors are not known, the same would be soon performing the forensic audits.

These are in addition to SEBI ordering forensic of four other such firms — IRIS Mediaworks, Hit Kit Global Solutions, Kavit Industries and GV Films.

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Apurva Joshi is the forensic accounting evangelist. She is the author of Students Handbook on Forensic Accounting, which is one of the only textbooks in India on the subject of forensic accounting. She is a director in Riskpro Management Consulting. As one of the leading women professionals she is appointed on the board of Quickheal and Rinder India as the Independent Director.