Team Blitz India
NEW DELHI: The Corporate Affairs Ministry has asked its field officers to expedite the inspection of the books of Byju’s and submit the report, a senior official said on February 26. The ministry, which is implementing the companies law, will decide the further course of action after receiving the report from its regional office.
In July 2023, the ministry had asked the office of the Regional Director in Hyderabad to conduct an inspection of the company Think & Learn Pvt Ltd, which is registered in Bengaluru.
Think & Learn Pvt Ltd operates under the brand Byju’s .
The senior official said the ministry has sought to expedite the inspection and submission of the report with respect to Byju’s.
Specific details about the inspection could not be immediately ascertained.Last year, the minister ordered the inspection in the wake of various developments at that time at the edtech company, including its inability to finalise the statements and resignation of auditor.
