| Description |
1 online resource |
| Summary |
Corporate Governance and Fraud Risk Management in India presents a thorough examination of corporate frauds in India focusing specifically on promoters, controlling share holders of companies and certain intermediaries. By examining the role of the macroeconomic environment that induces law-abiding citizens to indulge in violations of the law, and by analysing the relationship between policy distortions and weak regulatory and enforcement mechanisms, this book emphasizes the need to shed the general atmosphere of cynicism in order to channel well-thought improvements that will strengthen and r. |
| Contents |
Cover -- Contents -- Foreword -- About the Author -- Chapter 1 : Corporate Frauds and the Macroeconomic Environment in India -- Shell Companies and Accommodation Entry Operators -- Abuse of the Participatory Note -- Nature of Real Estate Transactions -- Hawala -- The Impact of Corporate Frauds -- Chapter 2 : Financial Statement Frauds -- Financial Statement Frauds to Induce Banks and Financial Institutions -- 'Purchase' of Shares at High Premium -- Transferring Shares to Subsidiaries at an Inflated Value -- Over-valuation of Long Term Investments -- Inflating Turnover -- Financial Statement Frauds to Retain Controlling Stake -- Financial Statement Frauds to Obtain Monetary Incentives -- Financial Statement Frauds to Obtain Undue Benefits -- Chapter 3 : Siphoning off Company's Funds -- Generating Funds for Siphoning -- Shell and Front Companies -- Providing Advances -- Creation of Trusts and Foundations -- Statutory Auditors -- Chapter 4 : Capital Market Frauds -- Chapter 5 : Abuses in Related Party Transactions -- Relationships in Related Party Transactions -- Unrecovered Loans -- Arm's Length Principle -- Avoiding Disclosure -- Chapter 6 : Frauds by Companies Running Pyramidal Schemes -- The Pyramidal Scheme -- Impact of Pyramidal Schemes -- Range and Magnitude of the Problem -- Regulatory Gaps -- Chapter 7 : Frauds by Companies Running Collective Investment Schemes -- Chapter 8 : Unauthorized and Fraudulent Mobilization of Public Deposits by Companies -- Modus Operandi of Fraudulent Mobilization of Public Deposits -- Fraudulent Mobilization in the Guise of Receiving 'Advances' -- Fraudulent Mobilization of Deposits in the Guise of Providing Goods or Services -- Fraudulent Mobilization of Deposits in the Guise of Preference Shares -- Pyramidal Marketing -- Use of the Internet. |
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Chapter 9 : Frauds by Promoters and/or Management of Non-banking Finance Companies -- Chapter 10 : Companies as a Tool for Money Laundering -- Main Tools of Money Laundering -- Shell Companies and Mainstream Companies -- Lifting the Corporate Veil -- Chapter 11 : Companies Act 1956 and Fraud Risk Management -- Chapter 12 : Regulatory Mechanism and Corporate Frauds -- Companies Act 1956-Synopsis -- Companies Act 2013-Synopsis -- Provisions of Companies Act 1956 Relevant to Fraud Risk Management -- New Provisions in the Companies Act 2013 Relevant to Fraud Risk Management -- Securities and Exchange Board of India Act-Synopsis. |
| ISBN |
1322128537 (ebk) |
|
9781322128535 (ebk) |
|
9332540861 |
|
9789332540866 |
|
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