MCA website lists Agora status as 'active'; contradicts Buch's claim

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MCA website lists Agora status as 'active'; contradicts Buch's claim - Business Standard

Quick Summary:

To be declared a “dormant” company by the Registrar of Companies, there are set criteria, including no considerable accounting transactions during the period of dormancy.

The data — accessed by Hindenburg Research — shows Agora generated Rs 2.54 crore in income between 2020-21 and 2023-24, although its last financial year’s income had dwindled to just Rs 14 lakh.

Emailed queries sent to Sebi and the chairperson, separately, for more clarity on the issue, remained unanswered until the time of going to press.