Byju’s Financial Probe: MCA assigns Hyderabad RoC to Check Financial Records

The Ministry of Corporate Affairs (MCA) has tasked the Hyderabad Registrar of Companies (ROC) with conducting a financial probe into Byju's, focusing on its financial records. The investigation will scrutinize Byju's accounting practices, financial statements, and regulatory compliance, following concerns raised by stakeholders about the company's financial transparency. The probe is part of a broader effort to ensure that large tech companies in India adhere to corporate governance standards. Byju's, a prominent ed-tech firm, has recently faced scrutiny over its financial practices and revenue recognition methods. The investigation aims to determine whether the company has complied with Indian financial regulations and whether its financial reporting is accurate and transparent.