What are the circumstances that calls for the Investigation by Serious Fraud Investigation Office (SFIO).
CS Professional · Secretarial Audit, Compliance Management and Due Diligence · PYQS · December 2021
What are the circumstances that calls for the Investigation by Serious Fraud Investigation Office (SFIO).
Answer & Explanation:
As per Section 212 (1) of the Companies Act, 2013, Investigation into the affairs of a company is assigned to Serious Fraud Investigation Office (SFIO), where Government is of the opinion that it is necessary to investigate into the affairs of a company – on receipt of a report of the registrar or inspector under section 208 of the Companies Act, 2013; on intimation of a special resolution passed by a company that its affairs are required to be investigated; in the public interest; or on request from any department of the Central Government or a State Government
Topics: Serious Fraud Investigation Office (SFIO)
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