The Ministry of Corporate Affairs has asked BYJU’s, the edtech giant, to explain why the audited financial statements for FY21 were not filed on time.
This follows media reports 10 days ago that the edtech behemoth was set to release its financial statements ‘within a week,’ as its auditor Deloitte had finished auditing the financial statements. According to a Moneycontrol report citing sources, the ministry wrote to BYJU’s earlier this month to explain the nearly a year and a half delay in filing its audited financial statements.
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The Ministry of Corporate Affairs has asked BYJU’s, the edtech giant, to explain why the audited financial statements for FY21 were not filed on time.
This follows media reports 10 days ago that the edtech behemoth was set to release its financial statements ‘within a week,’ as its auditor Deloitte had finished auditing the financial statements. According to a Moneycontrol report citing sources, the ministry wrote to BYJU’s earlier this month to explain the nearly a year and a half delay in filing its audited financial statements.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
