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ED seeks look out circular against Byju's founder amid ongoing investigation: Report

The Indian Directorate of Enforcement (ED) has urged the Bureau of Immigration (BOI) to issue a look-out circular (LOC) against Byju Raveendran, the founder and CEO of the embattled edtech giant Byju's, as reported by the Economic Times.

The ED's request for a new LOC, which prevents an individual from leaving the country, comes as part of an ongoing investigation into alleged Foreign Exchange Management Act (FEMA) violations by Byju's. ....

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Byju's founder, his family won't attend EGM called by investors on February 23

This EGM is procedurally invalid, contractually in contravention of our AOA and SHA, legally on the wrong side of the Companies Act, 2013. If it is still summoned, it will not have the required quorum and cannot proceed, a Byju s spokesperson said ....

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Don't give effect to EGM resolution till March 13: HC to Byju's shareholders

This comes ahead of an extraordinary general meeting later this week that a few of Byju s largest investors have called, on February 23, in a bid to oust the company s leadership and reconstitute its Board. ....

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Byju's rapid growth a cautionary tale for young entrepreneurs: MoS IT Rajeev Chandrasekhar

This comes at a time when some of the most highly valued startups, including Byju s, Paytm, Ola, and Dream11, have come under fire for a range of issues, casting a shadow on India’s technology and startup ecosystem. ....

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