Govt to expedite inspection of crisis-hit Byju’s accounts

Sandeep Dikshit

New Delhi, February 26

Prompted by fresh troubles hitting the edtech major BYJU’S, the Corporate Affairs Ministry said it has asked its field officers to expedite and submit the inspection report of the company’s books of accounts that they had started as far back as July last year.

The latest trouble to hit BYJU’s was on February 23 when a group of shareholders voted to remove the founder Byju Raveendran and his family members from the board over “mismanagement and failures”.

The ministry will decide the further course of action after receiving the report from its Hyderabad office. No details are known about the inspection from the government.

However, BYJU’s said it closed its accounts for 2021-22 and had filed them with the Registrar of Companies (RoC). It is now hoping for an expedited closure of the matter.