Gensol’s promoters allegedly diverted Rs 262 crore for personal use, exposing governance failures and shaking confidence in startup ethics
Sebi says no systemic issue exists, but urges proactive boards, auditors, and independent directors to check misconduct early
From fintech to edtech, several startups face regulatory scrutiny. Gensol adds to a growing list of governance failures
Founders allegedly used public funds for luxury purchases, blurring lines between business needs and personal indulgence
BluSmart’s abrupt shutdown left consumers stranded and investors hit, showing how poor governance affects public trust
Startups must not trade ethics for speed. Strong boards and independent oversight are essential for long-term credibility