Lashing out against IPL teams that have not filed annual returns as per the Companies Act, 1956 minister of state for corporate affairs Salman Khurshid said that reputed businesses should compulsorily comply with the Act. ?It is sad (that some IPL franchisees have not filed returns)?people who are so deeply involved in front line businesses should not comply with company law.? While the government on Wednesday said the Registrar of Companies has not found anything wrong with the balance-sheets of IPL franchisees and no company has given sweat equity to anyone.