The Corporate Affairs Ministry on Tuesday directed the Registrar of Companies to collect within a week, all details on IPL franchises, the bidding process and the sweat equity, coinciding with a Finance Ministry probe into funding of the cricket body.
The order, dated today, asked the RoC to get information on memorandum of association and also franchise agreement.
Corporate Affairs Minister Salman Khurshid had yesterday said that his ministry would find out "the rules of engagement" of all IPL franchises.
The probe follows the controversy over ownership of the Kochi IPL franchise, where Rendezvous Sports World had given 19 per cent of the 25 per cent stake held by it to Sunanda Pushkar, a close friend of Shashi Tharoor, who resigned as a Union Minister yesterday in the face of allegations that he had misused his official position. PTI
