1:Inflating Sales and adding inflated sales As receivables
EXAMPLE :VETO SWITCH
2:Buying own company stock continously from open market which attracts public
Then selling high because public only know after 3 months.
EXAMPLE :Fiberweb, Shiva global
3:Creating many subsidiary abroad and giving advances and loans which is not audited by statutory auditor.
EXAMPLE :SHILPI CABLE
4:Inviting IPO with lots of advertising which comes always at high premium Then after diverting funds other than mentioned IPO activities.
EXAMPLE :MANPASAND beverage
5:Issuing bonus shares inspite of dividend
Even if there is debt burden on balancesheet, and equity Diluted.
6:Paying dividend out of borrowed money
7:Paying auditor for other services more than their audit fee.
8:Creating continously fixed asset using right issue or borrowed money even if top line not improving.
EXAMPLE :Kesar petro
9:Having related party transaction more than 20% of total revenue.