Experts said many firms had unbilled assets on their books.

As per Indian tax laws, bonus in kind paid to the employees could be considered as salary income in the hands of the employees.

If any foreign account holder violates Indian laws, tax authorities can enforce repatriation of funds.

Of the 700-odd Indians having foreign bank accounts, not all can be deemed to be operating these illegally.

Allegations of predatory pricing may not hold ground in the high-pitch turf battle for consumers' pocket between e-tail and retail.

Some start-ups, small businesses allowing pets at workplace

Fraud is a big concern among many board members.

India in the last five-seven years did not do as well as it could to push progress.

Women from promoter families who have become directors since January this year include Sarala Birla (Century Textiles, Century Enka), Nawaz Gautam Singhania (Raymond Group), Bina Modi (Godfrey Phillips), Saroj Bhartia (Jindal Drilling & Industries) and Deepshikha Khaitan (Cera Sanitaryware).

The onus is on companies to put in place a vigil mechanism to detect and deter fraud.

According to SFIO, the modus operandi of the Reebok fraud involved filing fictitious invoices to show inflated sales, recording fictitious sales by raising prices of goods sold.

The market likely to cross $10-bn mark in 2014.