Lack of corporate governance widens trust gap
The trust gap for Indian companies is a negative 55, while it is negative 58 for Chinese companies.
The trust gap for Indian companies is a negative 55, while it is negative 58 for Chinese companies.
According to reports, several attendees also received an unidentified notification stating that the EGM had been cancelled.
BYJU’s scores small victory as Karnataka HC grants it relief, stating that any resolutions proposed to be passed in Feb 23 EGM will be "invalid" until disposition of its petition
MCA will soon come out with guidelines and SOP to protect the rights of auditors in matters related to corporate governance, says Ranjeet Kumar Agarwal
"If you don't learn from those who came before you, you will make mistakes and I think, Byju's is that mistake," says Rajeev Chandrasekhar.
Some investors of BYJU’s have called for an EGM on February 23; to discuss issues related to outstanding governance, financial mismanagement
BYJU’s says the co. has not had any external investor funding for 2 years apart from founder infusing over $1 bn — a reason why it launched a $200 mn rights issue to quickly raise money
Troubles mount as BYJU'S foreign lenders had last week also filed an insolvency plea against it before NCLT
Despite facing crises on various fronts, BYJU's founder says the start-up is now less than a quarter away from achieving operational profitability
BYJU's questions the timing of the NCLT proceedings; says it coincides with the start of a rights issue by its parent co