Company Act empowers the MCA to carry out probe if there are reasons to believe that companies are violating the provisions The Registrar of Companies (RoC) under the Ministry of Corporate Affairs (MCA) has finalised its probe into Chinese smartphone manufacturers Xiaomi, Vivo and Oppo over alleged financial impropriety. The report highlights concerns over potential fund diversion beyond these firms and indicates possible tax fraud. The MCA is likely to act on the findings and may even get the Serious Fraud Investigation Office (SFIO) involved, sources said. Moneycontrol has reached out to the companies for their comments, which will be incorporated once received. The current scrutiny is part of the government’s broader efforts to enforce stricter compliance measures on foreign firms operating in India, particularly those with Chinese links allegedly involved in financial misconduct, such as money laundering and tax evasion. In July 2023, the then Minister of State for Electronics and Information Technology Rajeev Chandrasekhar had said that Oppo, VIVO and Xiaomi had collectively evaded taxes worth Rs 9,000 crore by dodging customs duties and GST. According to data presented in Parliament, Oppo evaded customs duties amounting to Rs 4,403 crore between 2017 and 2021, while Xiaomi failed to pay a total of Rs 653 crore in taxes during the financial year 2019-20.