All IPL franchises violated Companies Act: Govt | cricket | Hindustan Times
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All IPL franchises violated Companies Act: Govt

cricket Updated: Aug 19, 2010 23:30 IST

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The Government has found company law violations by all 10 franchisees of the Indian Premier League and has asked the Registrar of Companies to take penal action wherever necessary, the Rajya Sabha was informed on Thursday.

"The preliminary information/reports have indicated non-compliance of certain provisions of the Companies Act, 1956, by the IPL franchisees," Corporate Affairs Minister Salman Khurshid said in a written reply in the Rajya Sabha.

He identified Indiawin Sports (which owns Mumbai Indians), Royal Challengers Sports (Bangalore team), Deccan Chargers Sporting Ventures (of Deccan Chargers), India Cements (Chennai Super Kings), GMR Sports (Delhi Daredevils), KPH Dream Cricket (Kings XI Punjab) for not complying with the Companies Act.

Knight Rider Sports (Kolkata Knight Riders), Jaipur IPL Cricket (Rajasthan Royals), Sahara Adventure Sports (Sahara Pune Warriors) and Rendezvous Sports (Kochi team) were other violators named by the Minister.

Khurshid was responding to a query on whether the Government was probing IPL franchisees.