Explore 71 FAQs on Investigations by SFIO & Inspector under Companies Act, 2013. Understand SFIO’s powers, duties, and the organizational structure for effective fraud detection and legal actions in India.
The Serious Fraud Investigation Office (SFIO) plays a crucial role in investigating frauds and white-collar crimes in India under the Companies Act, 2013. SFIO is a multi-disciplinary organization established by the Government of India to detect, prosecute, and recommend legal actions against individuals involved in fraudulent activities. With its broad investigative powers, SFIO works towards maintaining the integrity and transparency of corporate affairs in the country. This introduction provides an overview of the powers and functions of SFIO in conducting investigations under the Companies Act, 2013.
(A) SFIO’s powers for investigations under Companies Act, 2013 in India
1. SFIO’s powers for Investigation after receipt of report from ROC (Sec. 208)
(i) SFIO’s director required to investigate against company after report’s receipt from office of ROC under section 208 of CA, 2013
Or
(ii) Company already passed special resolution in AGM or EGM that company’s affairs be investigated by SFIO’s director.
Or
(iii) SFIO’s director required to investigate when considered necessary by department of Central govt. + State govt. (both) in public interest.
2. SFIO’s powers for Investigation of company after govt.’s order (Section 210)
- Govt. empowered to issue order to investigate affairs of company when considered necessary through SFIO:
(i) When already received report from ROC or appointed inspector (any) under section 208 of CA, 2013
Or
(ii) When already received intimation from company + also company passed special resolution in AGM or EGM (both) that affairs of company required to be investigated
Or
(iii) When required to investigate affairs of company in public interest.
3. SFIO’s powers for Investigations during pendency before NCLT (Sec. 210)
- Govt. empowered to issue order to investigate affairs of company through SFIO after receipt of order already passed by special court or NCLT (any) that investigation be made as concluded during continuity of proceedings before them.
4. Gov.’s powers for establishing SFIO under CA, 2013 (Section 211(1))
(i) empowered to establish SFIO under Companies Act (CA) 2013 + also already established through notification no. S.O.2005 (E) dated July 21, 2015.
(ii) SFIO categorized multi-disciplinary organization + also working under Ministry of Corporate Affairs (MCA) (both).
(iii) SFIO established for detecting + prosecuting + recommending (all) for prosecution against white-collar criminals + also to Investigate frauds against affairs of company when considered necessary by govt.
(iv) empowered to appoint director of SFIO not below rank of Joint Secretary in govt. + having knowledge + also experience for dealing with corporate affairs matters (all).
(v) Govt. empowered to appoint experts + other officers + employees (all) for SFIO when consider necessary for efficiently discharge of functions under CA, 2013.
(vi) empowered to prescribe terms + conditions of services of Director + experts + other officers + employees (all) for SFIO.
5. SFIO’s combination for experts from different fields (Section 211(2))
(i) Accountancy Profession
(ii) Forensic Auditing Profession
(iii) Banking Profession
(iv) Legal Profession
(v) Information Technology (IT) Profession
(vi) Investigation Profession
(vii) Company Law Profession
(viii) Capital market Profession
(ix) Taxation Profession
(x) Etc. Profession
6. SFIO’s powers for Investigations under CA, 2013 (Section 212)
(i) Central Government of India (Govt.) empowered to issue order to SFIO to investigate.
(ii) SFIO’s director to designate required number of officers + employees + experts (all) consider necessary for investigations.
7. SFIO’s powers for Investigations against other reason (Section 212(1))
(i) When report received from office of ROC or appointed inspector (any) under section 208 of CA, 2013
Or
(ii) When intimation received for special resolution already passed by company that its affairs required to be investigated
Or
(iii) When govt. considered necessary in public interest
Or
(iv) When request received from department of Central Govt. or State Govt. (any)
8. SFIO’s duties for stopping investigations (Section 212(2))
(i) Central govt. + State govt. (both) not permitted to continue any investigation during continuity of proceedings before SFIO when investigation already started
+ (plus)
(ii) Central govt. + State govt. + other govt. agency required to handover 100% documents + records (all) to SFIO.
9. SFIO’s duties for conducting investigations as prescribed (Section 212(3))
(i) SFIO’s director required to conduct investigation in prescribed manner under Chapter XIV – Inspection + Inquiry + Investigation of CA, 2013
+ (plus)
(ii) SFIO’s director required to submit report to govt. in specified time already mentioned in order issued by govt. for investigations.
10. SFIO’s powers for conducting investigations (Section 212(4))
(i) SFIO’s director permitted to investigate affairs of company through investigating officer having powers equivalent to appointed inspector specified under section 217 of CA, 2013
(ii) Company + officers + employees those responsible to provide 100% information’s + explanations + documents + 100% assistance to Investigating officer under SFIO when required for conducting of investigations (all).
11. Company’s duties for providing 100% information’s + etc. (Section 212(5))
(i) Promoters + directors + officers + employees (all) those responsible for affairs of company. Hence liable for prosecution under Code of Criminal Procedure, 1973 against offences specified under section 447 of CA, 2013 + also PMLA 2002 under 29 scheduled offence (both) simultaneously
+ (plus)
(ii) Offence under CA, 2013 already cognizable + also accused of offence to be released on bail or on bond (both).
12. Company’s powers for securing release on bail under CA (Section 212(6))
(i) When Public prosecutor already allowed to avail opportunity to oppose against application for release
+ (plus)
(ii) When Public prosecutor already opposed application for release + special court satisfied that reasonable grounds existed for believing that offender not guilty of offence + also not likely to commit any offence during period of bail (all)
+ (plus)
(iii) Special court permitted to release on bail when offender having age maximum 16 year or woman or sick or infirm (any).
13. Special court’s limitations for granting bail under CA, 2013 (Section 212(7))
- Limitation against granting of bail specified under section 212 (6) in addition to limitations already permitted under Code of Criminal Procedure, 1973 + under other laws in force for granting of bail (both).
14. Special court’s powers for arresting offender under CA (Section 212(8))
- Director + Additional Director + Assistant Director of SFIO permitted to arrest offenders when already has material in his possession for reason to believe + reason be recorded in writing + also offender be liable for offence specified under section 212 (6) of CA, 2013 (all).
15. SFIO director’s duties for forwarding copy of order (Section 212(9))
- Director + Additional Director + Assistant Director of SFIO required to forward copy of order + material in possession to investigating officer under SFIO in sealed envelope after arrest already made by SFIO under section 212 (8) of CA, 2013 (all).
16. SFIO director’s duties for taking offender to Magistrate (Section 212(10))
- Offender already arrested under section 212 (8) of CA, 2013 be taken before Judicial Magistrate or Metropolitan Magistrate (any) maximum in 24 hour.
17. SFIO director’s duties for submitting interim report to govt. (Sec. 212(11))
- SFIO’s director required to submit interim report to govt. during continuity of investigation.
18. SFIO director’s duties for submitting final report to govt. (Sec. 212(12))
- SFIO’s director required to submit final report to govt. after completion of investigation.
19. SFIO director’s duties for providing copy of report to applicant (Sec. 212(13))
- SFIO’s director required to provide copy of investigation report to offender for making application in Special court.
20. Govt’s powers for instructing SFIO to initiate prosecution (Section 212(14))
- Govt. permitted to instruct SFIO to initiate prosecution against company + officers + employees those responsible directly or indirectly for affairs of company after examination of report + also taking legal advise (if needed) (all)
21. SFIO director’s duties for filling report before special court (Sec. 212(15))
- Investigation report be filed before special court for framing charges + also be deemed that report already filed by police officer under section 173 of Code of Criminal Procedure, 1973 (2 of 1974) (both)
22. SFIO director’s duties for continuing investigations initiated (Sec. 212(16))
- Investigation + other action taken or initiated by SFIO under provisions of CA, 1956 be proceeded under provisions of CA, 2013 (both)
23. SFIO director’s powers to receive information’s from others (Sec. 212(17))
(i) SFIO’s director permitted to receive 100% information’s + 100% documents (both) already possessed with other investigation agency + state govt. + police authority + also income tax authority once investigation initiated by SFIO (all).
+ (plus)
(ii) SFIO’s director required to give 100% information’s + 100% documents (both) already possessed with him to other investigation agency + state govt. + police authority + income tax authority for investigation + examination under other laws (all).
24. SFIO director’s non accessibility of information’s from banker (Sec. 227)
- Legal advisors + bankers (both) not required to disclose certain information’s to NCLT + govt. + ROC + appointed inspector by govt. (all):
(i) (a) Legal advisor not required to share privileged information’s to SFIO + appointed inspector (both) received by him in capacity as legal advisor from his client
(b) However legal advisor required to share name + address to SFIO + appointed inspector (both) received by him in capacity as legal advisor from his client.
(ii) (a) Banker of company not required to share information’s against affairs of customer to SFIO + appointed inspector (both)
(b) However banker of company required to share 100% information’s against affairs directly to customer (only)
25. SFIO director’s powers for foreign company’s investigations (Section 228)
- SFIO’s director + appointed inspector (both) permitted for inspection + enquiry + investigation (all) against foreign company working in India under Chapter XIV of CA, 2013.
26. Special court’s powers for penalty + imprisonment for false doc. (Sec. 229)
(i) Officers + employees + other persons be penalized for not providing 100% explanations + also for not making 100% statements on oath during inspection + enquiry + investigation by SFIO + appointed inspector (all).
(ii) Officers + employees + other persons be penalized for destroying + mutilating + falsifying + concealing + tampering + unauthorized removing + also party to destruction + mutilation + falsification + concealment + tampering + unauthorized removal of documents against property + assets + affairs of company (all).
(iii) Officers + employees + other persons be penalized for making + becoming party for making any false entry in document of company (all).
(iv) Officers + employees + other persons be penalized for frauds under section 447 of CA, 2013 + PMLA 2002 under 29 scheduled offences simultaneously (all).
(B) Organizational Structure of SFIO in India
27. SFIO’s organizational structure in India
(i) SFIO headed by Director equivalent to rank of Joint Secretary in Govt.
(ii) SFIO’s director generally assisted by additional director(s) + Joint director(s) + Deputy director(s) + Senior assistant director(s) + Assistant director prosecutor(s) + Other secretarial staff (all).
28. SFIO’s headquarter + regional offices (both) in India
(i) SFIO’s headquarter located in New Delhi
(ii) SFIO’s 5 regional Offices located at different places like:
(a) In Mumbai
(b) In New Delhi
(c) In Chennai
(d) In Hyderabad
(e) In Kolkata
29. SFIO’s address for headquarter + regional offices (both) in India
(i) Name of complex : CGO Complex at lodhi road, New Delhi-110003
(ii) Landline + Fax number : Land line +911124369505 and Fax + 911124365809
(iii) Office E-Mail address : inf.sfio@nic.in
30. SFIO’s organizational structure chart in India
Director SFIO
|
Computer Forensic and Data Mining Lab (CFDML) |
Regional Office (RO) at Kolkata | RO at Chennai | Head Quarter + RO (both) at Delhi | RO at Mumbai | RO at Hyderabad |
–
| 2 Addl. + Joint Director
(AD/JD) -Forensic Audits |
8 AD + JD -Investi-gations | 1 AD + JD –
Capital Markets |
2 AD + JD –
Corporate Laws |
2 AD + JD -Financial Transactions | 1 AD + JD – Information Technologies | 2 AD + JD –
Laws |
(i) List of Other Senior Officers in SFIO
(a) 1 Personal Secretary (PS)
(b) 8 Deputy Director
(c) 29 Senior Assistant Director
(d) 30 Assistant Director
(e) 5 Senior Prosecutor
(f) 5 Prosecutor
(g) 9 Private Secretary
(h) 2 Office Superintendent
(i) 6 Assistant
(j) 6 Personal Assistant
31. SFIO’s headquarter + regional office’s at Delhi + address + etc. in India
|
S.No |
Name of office | Address of office | Telephone + Fax no. |
| (i) | Delhi’s Head Quarter + Regional Office (RO) both | 2nd Floor Pt. Deendayal Antyodaya Bhawan, CGO Complex Lodhi Road, New delhi-110003 | (a) Off Tel: +911124365787
+ (b) Off Fax: +911124365809 (c) Off Board Lines: +911124369242 |
| (ii) | Mumbai’s RO | Mumbai Fountain Telecom Building-I Near Central Telegraph Office M. G Road, fort, Mumbai -400001 | Off Tel: +912222621941
+ +91222262194 |
| (iii) | Chennai’s RO | Corporate Bhawan, Ground Floor No 29, Rajaji salai chennai-600001 | Off Tel :+914425270048
+ |
| (iv) | Hyderabad’s RO | 4th Floor Corporate Bhawan survey no 127/1, that tiannaram village Bandlaguda , Hyathnagar mandal RR District Hyderabad- 500068 | Off Tel: +914029802783 |
| (v) | Kolkata’s RO | 5, Esplanade East 2nd Floor, Kolkata 700069 | Off Tel:+913329740430 |
32. SFIO’s statics for Investigations completed in latest 5 year in India
| S.No | Financial Year ending on | Investigation Completed |
| (i) | March 31, 2022 | 12 |
| (ii) | March 31, 2021 | 7 |
| (iii) | March 31, 2020 | 12 |
| (iv) | March 31, 2019 | 12 |
| (v) | March 31, 2018 | 5 |
| Total | 5 year | 48 |
(C) Proclaimed offenders (P0) declared by SFIO’s special courts in India
33. SFIO’s list for PO’s name + company + date of special court order in India
| S.No | Name of Company | Name of PO | Case Number | Violation of Section | Date of Court Order | Remarks |
| (i) | AVI Petroleum Ltd | Rohit Kumar Inder Lal | Comp. No. 29645/2013 | 146 +147 + 159 + 162 + 209 | 31.10.2017
+ 22.12.2017 |
Rohit Kumar + Inder lal are declared PO on October 31+ December 22, 2017 respectively |
| (ii) | AVI Packaging
Ltd |
Rohit Kumar
Inder Lal |
Comp. No.
29646/2013 |
146 +147 + 159 + 162 + 209 | 31.10.2017
+ 22.12.2017 |
Rohit Kumar + Inder lal are declared PO on October 31+ December 22, 2017 respectively |
| (iii) | AVI Telecom Ltd | Rohit Kumar Inder Lal | Comp. No. 29647/2013 | 146 +147 + 159 + 162 + 209 | 31.10.2017
+ 22.12.2017 |
Rohit Kumar + Inder lal are declared PO on October 31+ December 22, 2017 respectively |
| (iv) | A and R Oil Mills Private Limited | Rohit Kumar | Comp. No. 29648/2013 | 146 +147 + 159 + 162 + 209 | 31.10.2017 | Rohit Kumar is declared PO on October 31, 2017 |
| (v) | Rishi Financial Services Ltd | Rohit Kumar Inder Lal | Comp. No.
29649/2013 |
146 +147 + 159 + 162 +166 r/w 168 + 209
|
31.10.2017
+ 22.12.2017 |
Rohit Kumar + Inder lal are declared PO on October 31+ December 22, 2017 respectively |
| (vi) | Life Business Projects Pvt.Ltd. | Bhuvnesh Chaturvedi, Rakesh Chaturvedi, Mukesh Chaturvedi,
Kunj Kishore Chaturvedi, |
Ct. Cases 516116/2016 | 628 + 209 | 16.08.2017
+ 14.03.2018 |
Declared Proclaimed Persons
Declared Proclaimed offenders
|
| (vii) | JVG Finance (Cogent Venture) | AD Bhargawa | 1691/3/2009 | 240(3) of CA
1956 |
16.12.2014 | This accused no. 4 has been declared PO on December 16, 2014 and cases are disposed off as 4 accused were acquitted. |
| (viii) | Cogent Venture | Shiv Kumar
Bagla, Giriraj Bang, Subhas Agarwal, Amarjeet Singh, Suresh Vaid, A D Bhargava |
209A of CA
1956 |
19.05.2016 | All the accused were declared PO and 1 other accused was convicted INR 50 thousand fine and sentenced to Till Rising of Court (TRC). | |
| (ix) | Catmoss Retail
Pvt Ltd |
Ashwani Chawla | Ct. Cases
127/2017 |
58A + 211 + 227 + 233 + 628 of
CA 1956 + 449 of CA 2013 + 193 + 420 + 477A + 120B of IPC 1860 |
22.03.2018 | Ashwani Chawla (Accused No. 2) was declared PO vide order dated March 22, 2018 |
(D) ROC’s powers for inspections under Companies Act, 2013 in India
34. ROC’s powers for inspection of books under CA, 2013 (Section 206)
(i) ROC permitted to issue written notice under section 206(1) of CA, 2013 for furnishing information’s + explanations when considered necessary after scrutiny of documents already filed by company + also receipt of documents in response of ROC’s notice (both):
(a) Through written notice for furnishing information’s + explanations (both)
(b) Through written notice for producing documents in specified time.
(ii) Company required to furnish information’s + explanations + documents (all) in specified time against ROC’s written notice already issued under section 206(1) of CA, 2013
(iii) ROC permitted to issue another written notice when documents already furnished not-satisfactory + also not disclosed 100% fair statement of affairs after recording reasons in writing for issuing another written notice.
(iv) (a) ROC permitted to issue order in writing after receipt of grievances from investors that business of company being carried for fraudulent + unlawful + not in compliance with provisions of CA, 2013 (all).
(b) Govt. empowered to direct ROC or appointed inspector (any) for carrying enquiry
(c) Company + officers + employees (all) those responsible to carry business be penalized with penalty + imprisonment (both) under section 447 of CA, 2013 + also PMLA 2002 for 29 scheduled offence (Both) simultaneously
(v) Govt. empowered to issue order for inspection of books of accounts + documents (both) through appointed inspector.
(vi) Govt. empowered to issue general order + specific order to carry inspection of books of accounts of company + class of companies (all).
35. ROC’s powers to levy penalty for failure to furnish information (Sec. 206(7))
- Company + officers (both) be penalized with penalty maximum INR 1 lac + additional fine maximum INR 5 thousand per day till failure continues (both).
36. ROC’s powers for inspections + enquiries + etc. under CA, 2013 (Section 207)
(i) Company’s directors + officers those responsible to carry business required to produce books of accounts + other books + papers + statements + information’s + etc. (all) before ROC or appointed inspector (any) against ROC’s written notice issued under section 206 of CA, 2013
(ii) ROC or appointed inspector (any) permitted for inspection + enquiry under section 206 of CA, 2013 + also required to do certain things (all) like:
(a) To provide copies of books of accounts + other books + other papers (all)
+ (plus)
(b) To provide identification on books taken for inspection.
(iii) ROC or appointed inspector (any) permitted for inspection or enquiry + also posses same powers as available with civil court under Code of Civil Procedure 1908 (5 of 1908) during trial of suit against certain matters (both) like:
(a) For discovering + producing of books of accounts + other documents at specified place + at specified time before ROC or appointed inspector (any) for allowing inspection + inquiry (all).
+ (plus)
(b) For Summoning + enforcing attendance of person + examining on oath (all).
+ (plus)
(c) For Inspecting of books + registers + other documents of company at specified place + also at specified time (all).
37. ROC’s powers for Penalty + imprison for disobeying directions (Sec. 207(4))
(i) Directors + officers those responsible to carry business be penalized for disobeying directions issued by ROC with penalty maximum INR 1 lac + imprisonment maximum 1 year (all)
(ii) Directors + officers be deemed vacated their office during period of imprisonment + also disqualified from holding company’s office (all).
37. ROC’s powers for Search + Seizure of companies – CA, 2013 (Section 209)
(i) ROC or appointed inspector (any) permitted to conduct search and seizure after having information’s in possession or reasonable ground to believe that books of accounts + papers of company + papers of Key Managerial Personnel (KMP) or directors or auditors or company secretary likely to be destroyed + mutilated + altered + falsified + secreted with permission from Special Court for seizure of books + papers + etc. (all) like:
(a) Permitted for entering + taking 100% required assistance + also to search at specified place(s) where books + papers + etc. (all) kept.
+ (plus)
(b) Permitted for seizure of books + papers + etc. when considered necessary after allowing company to take copies or extracts from books + papers + etc. (all) at company’s cost.
(ii) (a) ROC or appointed inspector (any) required to return books + papers + etc. (all) already seized under section 209 (1) of CA, 2013 in maximum 180 day from date of seizure.
+ (plus)
(b) ROC or appointed inspector (any) permitted to take copies or extract of books + papers + etc. (all) before returning back to company.
(iii) Provisions of Code of Criminal Procedure, 1973 (2 of 1974) be applied against search and seizure conducted under section 209 of CA, 2013.
(E) NCLT’s powers for investigations through appointed inspectors in India
39. NCLT’s circumstances for investigation by appointed inspectors (Sec. 213)
- Application received by NCLT from shareholders
(i) When application received from shareholders (members) exceeding 100 or 10% of voting power whichever lower.
Or
(ii) When application received from shareholders exceeding 20% + company not having share capital + also after receipt of evidence’s showing that applicants posses good reasons against seeking order for conducting investigation in affairs of company (all).
40. NCLT’s powers for investigations through appointed inspectors (Sec. 213(1))
- Application received by NCLT from other person
(i) When business of company being conducted with intent to defraud creditors + shareholders + other persons for fraudulent + unlawful purpose + in oppressive manner to shareholders + also to company (all).
Or
(ii) When person already involved in formation of company + in management of affairs of company previously held guilty of fraud misfeasance + other misconduct towards company + also shareholders (all)
Or
(iii) When shareholders of company have not obtained reasonable information’s against affairs of company including information’s for calculation of commission payable to managing director + other directors + manager (all)
-
- However NCLT required to give reasonable opportunity of being heard to person + also to company to be investigated by appointed inspector(s)
(iv) When person already involved in formation of company + in management of affairs of company + previously held guilty of fraud misfeasance + other misconduct towards company + towards shareholders + punishable for fraud specified under section 447 of CA, 2013 + also PMLA 2002 for 29 scheduled offence (all) simultaneously.
(F) Govt.’s powers for investigations through appointed inspectors in India
41. Govt.’s powers for security deposit against costs + expenses (Section 214)
(i) empowered to ask for security deposit maximum INR 25 thousand against costs + expenses (both) for investigation when investigation ordered under section 210 (1)(b) or 213 of CA, 2013
(ii) required to refund security deposit when investigation lead for prosecution.
42. Govt.’s powers for appointment of inspector under CA, 2013 (Section 215)
- Not permitted for inspector’s appointment:
(i) Partnership firms
(ii) Body Corporate like Limited Liability Partnerships (LLPs) + Indian companies
(iii) Any other association
- Hence Individual (only) permitted
43. Govt.’s powers for Investigation of ownership of company (Section 216)
(i) Govt. empowered to investigate + also to get report from appointed inspector for ownership + shareholdings (both) when considered necessary through appointing 1 or more inspectors for certain reasons like:
(a) For knowing that who actually financially interested in success or failure like actual + non actual (both) ownership of company
Or
(b) For knowing that who controlling or materially influencing policies of co.
(ii) empowered to appoint 1 or more inspectors under section 216 (1) of CA, 2013 when NCLT considered necessary during proceeding that affairs of company be investigated against shareholdings of company + other matters (both).
(iii) empowered to define scope + matter + period to be covered for investigation
(iv) empowered to determine terms for appointment of inspector + also his powers for investigation (both).
(G) Appointed Inspector’s powers + duties (both) for investigations under CA
44. Appointed Inspector’s powers + procedures + etc. under CA (Section 217)
(i) Present Officers + present employees + agents + former officers + former employees + agents of company (all) under investigation according Chapter XIV of CA, 2013 + also responsible for certain matters like:
(a) For preserving + producing books + papers + etc. of company + also make available for examination by appointed inspector himself or through other person authorized by him (all).
+ (plus)
(b) For providing 100% assistance to appointed inspector against investigation in reasonable time.
(ii) Appointed Inspector permitted to ask other body corporates for furnishing information’s + producing books + papers + etc. (all).
(iii) (a) Appointed inspector permitted to keep books + papers + etc. (all) in his custody when already seized under section 217 (1) + (2) of CA, 2013 for maximum 180 day from date of completion of inspection.
+ (plus)
(b) Appointed Inspector permitted to keep in his custody for another maximum 180 day through order in writing. Hence appointed inspector permitted to keep in his custody for maximum 360 (180+180) day.
45. Appointed inspector’s powers for examining on oath (Section 217(4))
(i) For examining other persons referred under section 217 (1) of CA, 2013
+ (plus)
(ii) For examining other body corporate + also ask for appearing personally when considered necessary.
- Prior approval of SFIO’s director sufficient when investigation being carried under section 212 of CA, 2013 for examining other body corporate + also other person (both).
46. Appointed inspector’s powers equivalent to civil court (Section 217(5))
- Appointed Inspector permitted to avail 100% powers already available with civil court in India under Code of Civil Procedure, 1908 (5 of 1908) during proceedings against certain matters like:
(i) For discovering + producing of books of accounts + other documents at specified place + at specified time (all).
(ii) For summoning + enforcing personal attendance of person + examining him on oath (both).
(iii) For inspecting of books + registers + other documents of company at specified place (all).
47. Appointed inspector’s powers for penalty + imprisonment (Section 217(6))
(i) Directors + officers those responsible to carry business be penalized for disobeying directions already issued by ROC with penalty maximum INR 1 lac + imprisonment maximum 1 year (all)
(ii) Directors + officers those responsible for carrying business of company deemed to vacant their offices during term of imprisonment + also disqualify from holding their offices in company (all)
48. Appointed inspector’s duties for preparing + signing notes (Section 217(7))
- Appointed Inspector required to prepare notes on examination under section 217 (4) of CA, 2013 + also to sign for using in future against company + officers (all).
49. Appointed inspector’s powers for imprisonment for failures (Section 217(8))
- Directors + officers those responsible for carrying business of company be penalized with penalty for maximum INR 1 lac + imprisonment maximum 6 month (all)
50. Appointed inspector’s powers for taking assistance from govt. (Sec. 217(9))
(i) Officers of Central govt. + State govt. + police + statutory authority required to provide 100% assistance to appointed inspector for inspections + inquiries + investigations (all).
51. Appointed inspector’s powers for protection of govt.’s employees (Sec. 218)
(i) Employees protected those working on investigations + etc. already protected when same being carried under section 210 + 212 + 213 + 219 (all) of CA, 2013
+ (plus)
(ii) Employees protected against investigations being carried under chapter XVI.
52. Appointed Inspector’s powers for Investigations of related co’s (Sec. 219)
- Appointed Inspector permitted to investigate into affairs of related companies when considered necessary under section 210 + 212 + 213 (all) of CA, 2013 like:
(i) Appointed Inspector permitted to investigate into affairs of subsidiary company + holding company + subsidiary of holding company (all).
(ii) Appointed Inspector permitted to investigate related companies when managing director + manager also commonly working in 2 related companies (both).
(iii) Appointed Inspector permitted to investigate 2 related companies when board of directors in 2 related companies working through nominee + also accustomed to act with directions + instructions of company (all).
53. Appointed inspector’s powers for seizure of documents + etc. (Section 220)
(i) Appointed Inspector permitted for seizure of documents when he has reasonable grounds to believe that books + papers + etc. belonging to company under investigation + other body corporate + managing director + manager of company likely to destroy + mutilate + alter + falsify + secret (all). Hence certain powers available with appointed inspector like:
(a) Power to enter with 100% assistance (if required) at place(s) where books + papers + etc. already kept (all).
+ (plus)
(b) Power to seize books + papers + etc. when considered necessary after allowing company to take copies or extracts from books + papers + etc. at company’s cost (all).
(ii) Appointed Inspector permitted to keep of books + papers + etc. in his custody for maximum 180 day from date of conclusion of investigation (all).
(iii) Appointed Inspector permitted to apply provisions of Code of Criminal Procedure, 1973 (2 of 1974) for search + seizure made under section 220 of CA, 2013 (both).
54. Appointed inspector’s powers for freezing assets through govt. (Sec. 221(1))
(i) Appointed inspector permitted to issue order to company for not transferring + removing + disposing of movable + immovable assets for maximum 3 year + at specified conditions + also at specified restrictions already be mentioned in order issued by NCLT (all)
(ii) Appointed inspector permitted when NCLT considered necessary after receipt of request from govt. for enquiry + also for investigation be made into affairs of company under chapter XIV of CA, 2013 (both).
+ (plus)
(iii) Complaint received from specified number of shareholders under section 244 (1) of CA, 2013
+ (plus)
(iv) Complaint received from creditors when outstanding amount INR 1 lac
+ (plus)
(v) Complaint received from other person having reasonable ground to believe that removal + transfer + disposal of funds + assets + properties of company likely to take place which prejudicial to interest of company + shareholders + creditors + public (all).
55. Appointed inspector’s powers for Penalty beyond NCLT order (Sec. 221(2))
- Directors + officers (both) those responsible to carry business of company be penalized for removal + transfer + disposal of funds + assets + properties of company beyond NCLT order already issued under section 221 (1) of CA, 2013 with penalty for maximum INR 25 lac + imprisonment maximum 3 year (both).
56. Appointed inspector’s powers for restrictions on shares transfer (Sec. 222(1))
(i) Appointed inspector permitted through NCLT’s written order for imposing restrictions on shares transfer for maximum 3 year when investigation already in process under section 216
+ (plus)
(ii) Appointed inspector permitted after receipt of complaint from any person against already issued shares or to be issued shares when NCLT considered necessary to impose restriction on transfer of shares.
57. Govt.’s powers for Penalty + imprison against NCLT’s order (Section 222(2))
- Company + officers + employees those responsible to carry business be penalized with penalty for maximum INR 25 Lac + imprisonment maximum 6 month (all).
58. Appointed inspector’s report against Investigation under CA (Section 223)
(i) Appointed inspector required to submit interim report during investigation + also to submit final report after completing investigation to govt. (both).
(ii) Appointed inspector required to submit report to govt. in writing + printed under section 223(1) of CA, 2013 (both).
(iii) Appointed inspector required to allow copy of report after receipt of application from any other person.
59. Govt.’s actions after receipt of report from appointed inspector (Sec. 224)
(i)(a) empowered to prosecute officers + employees those responsible to carry business + also held guilty of offence when considered necessary (all)
(b) Officers + employees (both) those responsible to carry business required to provide 100% assistance for prosecuting guilty against committed offence by offender.
(ii) Govt. empowered to prosecute person already held guilty of offence beside proceedings for winding up still pending before NCLT
(iii) (a) Govt. empowered to commence recovery of damage against frauds + misfeasance’s + other misconduct for promotions + formations + management of affairs of company in public interest (all)
(a) empowered to order for winding up when recovery of property misapplied + also wrongfully retained (both).
(iv) Appointed inspector permitted to get indemnity from company against costs + expenses (both) already incurred by himself.
(v) (a) Appointed inspector permitted to file application before NCLT for passing appropriate order to disgorgement (get rid) from possession of asset + property + cash from directors + KMPs + officers + employees those responsible for carrying frauds (all).
+ (plus)
(b) Directors + KMPs + officers + employees (all) those responsible for carrying frauds be prosecuted without limitation on amount of liability.
60. Inspector’s powers for reimbursement against Investigation (Section 225)
(i) Appointed inspector permitted to get reimbursement against investigation expenses 1st from govt. + 2nd from certain persons like:
(a) 2nd from person already convicted + also from any person ordered by govt.
Or
(b) 2nd from investigated company
Or
(ii) Appointed inspector permitted to get reimbursement against investigation expenses from company + managing director + manager (all) those responsible for dealing appointed inspector’s report.
Or
(iii) Appointed inspector permitted to get reimbursement against investigation expenses from applicant for investigation when appointment of inspector made under section 213 of CA, 2013.
Or
(iv) Appointed inspector permitted to get reimbursement against investigation expenses from property + asset + cash (all) mentioned under section 225 (1)(b) of CA, 2013 as 1st charge.
61. Appointed inspector’s powers for Investigation during winding up (Sec. 226)
- Appointed inspector permitted to investigate affairs of company beside followings:
(i) When application already filed for winding up under section 241 of CA, 2013
Or
(ii) When company already passed special resolution in AGM or EGM for voluntary winding up
Or
(iii) When any other proceedings for winding up already pending before NCLT.
62. Inspector’s powers for pending proceeds before NCLT under CA (Sec. 226(1))
- NCLT permitted to pass order when considered necessary after receipt of intimation from appointed inspector about pending proceedings of winding up before NCLT
(H) Latest convicted companies + directors + auditors by SFIO’s special court
63. Latest convicted companies by SFIO’s Special court in India
| Sr. No | Name of Convicted Company | Name of Convicted Directors + Auditors | Briefs on convicted judgment |
| (i) | DSQ Software Limited | (a) KM venkateswaran
(b) S Rangarajan |
|
| (ii) | Design Auto Systems Ltd | (a) Sarvesh Garg,
(b) R.S.Tare, |
|
| (iii) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (iv) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (v) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (vi) | Classic Credit Ltd | (a) Ketan V. Parikh
(b) Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (vii) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (viii) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (ix) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (x) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (xi) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (xii) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (xiii) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (xiv) | Classic Credit Ltd | (a) Ketan V. Parikh
(b)Kartik K. Parikh. (c) Kirti Kumar N. |
or
|
| (xv) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xvi) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xvii) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xviii) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xix) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xx) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xxi) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xxii) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xxiii) | Classic Shares and Stock Broking Services Ltd |
or
|
|
| (xxiv) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxv) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxvi) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxvii) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxviii) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxix) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxx) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxi) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxii) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxiii) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxiv) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxv) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxvi) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxvii) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxviii) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xxxix) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xl) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xli) | Classic Shares and Stock Broking Services Ltd
|
or
|
|
| (xlii) | Information Technologies
India Limited |
(a) R P Sharma
(b) M N Chaudhary (c) Sanjay Gupta
|
+ (plus)
+ (plus)
|
| (xliii) | Shonk Technologies
Ltd (Delhi) |
(a) C V Rao
(b) Ravi Krishnamurthy (c) Anil Kumar Bhandari |
+ (plus)
|
| (xliv) | Shonk Technologies
Ltd (Delhi) |
(a) C V Rao
(b) Ravi Krishnamurthy (c) Anil Kumar Bhandari (d) S Subramaniam |
+ (plus)
|
| (xlv) | JVG Hotels Ltd | Sundar Lal Maloo |
+ (plus)
|
| (xlvi) | JVG Steel India Ltd | Namrata Krishan
|
+ (plus)
|
| (xlvii) | JVG Steel India Ltd | Sundar Lal Maloo |
+ (plus)
|
| (xlviii) | JVG Holdings Pvt.Ltd | Upendra Singh
|
+ (plus)
|
| (xlix) | JVG Housing Finance Ltd | Sundar Lal Maloo
|
+ (plus)
|
| (l) | JVG Housing Finance Ltd | Vijay Kumar Sharma |
+ (plus)
|
| (li) | Satyam Computer Services Ltd.
|
(a) Rama Raju
(b) Vadlamani Srinivas (c) Ram Mynampati (d) krishna G.Palepu (e) Vinod K Dham (f) TR Prasad (g) Prof VS Raju (h) Jayaraman
|
|
| (lii) | Green Earth Resourses and Projects Ltd (Formerly Austral) | (a) Rishi Raj Agarwal
(b) Ratan Lal Tamakhuwala
|
|
| (liii) | Green Earth Resourses and Projects Ltd (Formerly Austral) | (a) Ratan Lal Tamakhuwala
(b) Bimal Kumar Goenka (c) MM Damani (d) Alok Bansal (e) Sunil Mandloi
|
|
| (liv) | (a) Goldquest International Pvt. Ltd.
(b) Questnet Enter-prises India Pvt. Ltd |
Pushpam Appala Naidu |
|
| (lv) | (a) Goldquest Interna-tional Pvt. Ltd.
(b) Questnet Enter-prises India Pvt. Ltd |
Pushpam Appala Naidu |
|
| (lvi) | (a) Goldquest Interna-tional Pvt. Ltd.
(b) Questnet Enter-prises India Pvt. Ltd |
PushpamAppala Naidu |
|
| (lvii) | (a) Goldquest Interna-tional Pvt. Ltd.
(b) Questnet Enter-prises India Pvt. Ltd |
Pushpam Appala Naidu |
|
| (lviii) | Yusuf Properties P Ltd. | (a) Sarvesh Chaudhary Director
(b) Surya Kirtichand Thapar Director (c) Upender Singh Director |
|
| (lix) | Gennext Promoters Pvt Ltd | (a) Chhavi Garg
(b) Pankaj Madan (c) Shikha Sinha |
|
| (lx) | Cogent Venture | (a) Shiv Kumar Bagla
(b) Giriraj Bang (c) Subhas Agarwal (d) Amarjeet Singh (e) Suresh Vaid (f) Avnish Tiwari (g) AD Bhargava |
|
(I) Latest SFIO’s petitions filed before NCLT after investigations of companies
64. SFIO’s Petitions filed before NCLT Chandigarh on behalf of govt. of India
| S.No | Name of company | Address of company |
| (i) | Adarsh Build Estate Limited | 1st floor, block-b, Vatika Atrium, Golf Course Road, Sector-53 Gurgaon, Haryana |
| (ii) | Ansh Build Estate Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I, Gurgaon, Haryana |
| (iii) | Applique Build Estate Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (iv) | Aryarth Capital Enterprises Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (v) | Bathing Sun Realty Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I, Gurgaon, Haryana |
| (vi) | Best Buildcreations Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (vii) | Big Blue Developers Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (viii) | Bondi Builders & Developers Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (ix) | Bramha Infracon Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (x) | Chevron Buildcon Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xi) | Daisy Infratech Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xii) | Deniz Builders & Developers Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushantlok Phase I Gurgaon Haryana |
| (xiii) | Entice Realtech Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xiv) | Eshwar Buildtech Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xv) | Gajanan Infrabuild Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xvi) | Govindam Buildestates Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xvii) | Mascot Infrabuild Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xviii) | Nirwana Buildcon Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xix) | Pan Infratech Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xx) | Park Dublin Builders Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxi) | Raghuvanshi Realestates Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxii) | Sambhav Township Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxiii) | Shack Infrastructure Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxiv) | Shourya Buildestates Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxv) | Star Buildestates Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxvi) | Sun Dream Build Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxvii) | Tectonic Infrastructure Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxviii) | Vasudev Infra Buildcon Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxix) | Vasudha Realcon Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxx) | Victory Buildestates Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxxi) | Vrindavan Dreamestates Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xxxii) | Maisonette Infraestates Private limited | # 1008 Sector-19B Chandigarh |
| (xxxiii) | Adarsh Agro Seeds Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building, Sushant Lok, Phase I Gurgaon, Haryana |
| (xxxiv) | Adarsh Crops Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building, Sushant Lok, Phase I, Gurgaon, Haryana |
| (xxxv) | Adarsh Green Farming Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building, Sushant Lok, Phase I, Gurgaon, Haryana |
| (xxxvi) | Adarsh Organic Foods Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I, Gurgaon, Haryana |
| (xxxvii) | Asha Agro Seeds Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I, Gurgaon, Haryana |
| (xxxviii) | Asha Crops And Agriculture Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I, Gurgaon, Haryana |
| (xxxix) | Asha Kisan Agro Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I, Gurgaon, Haryana |
| (xl) | Marven Buildcon Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xli) | Parthsarthi Megamalls Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xlii) | Redkey Buildcon Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xliii) | Reed Promoters & Developers Private Ltd | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xliv) | Vista Dream Homes Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xlv) | Fracton Technologies Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xlvi) | Aryarth Agrichem Private Limited | Shop No-GF 116-G, Sushant Shopping Arcade Building Sushant Lok, Phase I Gurgaon, Haryana |
| (xlvii) | Ish Kripa Properties Pvt. Ltd. | Plot No. 6, Sector 44, Gurgoan, 122003 |
| (xlviii) | A3G Infra Private Limited | H.No.-104, Sector-23A, Chandigarh-160022, Chandigarh |
| (xlix) | HNS Infratech Private Limited | 10-A, Ground Floor, BPTP Park Centra, Sec 30, Gurgaon HR 122001 |
| (l) | HNS Projects Private Limited | 10-A, Ground Floor, BPTP Park Centra, Sec 30 Gurgaon HR 122001 |
| (li) | Adler Infra Ventures Pvt Ltd | 17/207, Heritage City, Mg Road, Metro Station, Gurgaon – 122002, Haryana |
| (lii) | Mukesh Kumar Modi | A-10, Adarsh Nagarsirohi 307001, Rajasthan |
| (liii) | Priyanka Modi | (a) 89-D, Bhagat Ki Kothi, Extension Scheme, Pali Road, Jodhpur 342005, Rajasthan
(b) 46, Modi Line, ChhotiBrahmapuri, Sirohi 307001, Rajasthan |
| (liv) | Rahul Modi | Modi House, Adarsh Nagar, Sirohi 307001, Rajasthan |
| (lv) | Rohit modi | Modi Street Sirohi 307001, Rajasthan |
| (lvi) | Vaibhav Lodha | 89-D, Bhagat Ki Kothi Extension, New Pali Road, Jodhpur 342005, Rajasthan |
| (lvii) | Virender Modi | Modi Street Sirohi 307001, Rajasthan |
| (lviii) | Mahesh Dutt Sharma | F-67, Major Shaitan Singh Colony, Shastri Nagar, Jaipur-302016 |
| (lix) | Vivek Harivyasi | (a) Khora Seri, Sadar Bazar, Sirohi 307001, Rajasthan
(b)Dev Nagritakriya Sirohi 307001, Rajasthan |
| (lx) | Vivek Purohit | Gali No. 2, DevnagriTankriya, Sirohi 307001, Rajasthan |
| (lxi) | Vinay Kumpawat | (a) 38, Guru Jambeshwar Nagar, Vaishali Nagar, Jaipur,302021, Rajasthan, India
(b) Didwana Kuchaman Road, W. NO.-8, Nagoor 341303, Rajasthan |
| (lxii) | Rajeshwar Singh | D-57, Hanuman Nagar, Vaishali Nagar, Jaipur 302021, Rajasthan |
| (lxiii) | Bharat Modi | (a) Modi Lane Sirohi 307001, Rajasthan
(b) SirohiSunar Wada, Purani Nagarpalika, Sirohi 307001, Rajasthan |
| (lxiv) | Deepak Shrimali | 158, Navratan Complex, Bedia Road, Bhuwana, Udaipur 313001 Rajasthan |
| (lxv) | Ishwar Singh Sindal | (a) 134, ZupaGhat, Sirohi – RarthSirohi, Dist. Sirohi, 307001, Rajastha
(b) 90/191 Adarash Nagar, Sirohi 307001, Rajasthan |
| (lxvi) | Manish Chaudhary | (a) 112, Paschim Vihar, Jaipur 302021, Rajasthan
(b) Shubham M.G. Road, Brampuri, Nagaur Post, Nagaur 341001, Rajasthan |
| (lxvii) | Akshat Singh | (a) H.NO.113, Sector-17A, Gurgaon 122001, Haryana
(b) Sector 17-A, Farrukh Nagar, Gurgaon 122001, Haryana |
| (lxviii) | Shinder Pal Singh | #144, Sector-9B, Chandigarh 160009 |
| (lxix) | Gurbir Singh Sandhu | 104 Sector – 23 – A, Chandigarh 160023 |
| (lxx) | Naveen Kumar | House No.565, Pocket-A, Sector-22, Gurgaon 122001, Haryana |
| (lxxi) | Surender Singh | WZ-176A, Basai Dara Pur, New Delhi 110015 |
| (lxxii) | Rajiv Kumar Rana | 197-B, Rajpur Road, Dehradun, 248001 |
| (lxxiii) | Meenakshi Modi | (a) A-10 Adarsh Nagarsirohi 307001, Rajasthan
(b) Modi Lane, Sirohi, RJ 307001 |
| (lxxiv) | Nitin Rathore | Amar Marketing, Oasis Cellularopp, Ganga Ji Temple, Amba Ji Road, Abu, Road, Sirohi 307001, Rajasthan |
| (lxxv) | Abhay K Shah & Associates | 6th Floor, Manglam Fun Square, Durga Nursery, Udaipur, Rajasthan |
| (lxxvi) | Abhay K Shah | 117, E Block, University Road Adarsh Nagar, Girwa, Udaipur 313001, Rajasthan |
65. SFIO’s Petitions filed before NCLT Jaipur on behalf of govt. of India
| (i) | Riddhi Siddhi Infraprojects Pvt Ltd | Corporate Tower, Rsg The Universe Campus, HiranMagri Extension, Opposite Sector-9, Udaipur, Rajasthan-313001 |
| (ii) | Ariizona Realestate Private Limited | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (iii) | Divya Buildcreations Private Limited | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (iv) | Divya home projects private limited | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (v) | Marven Greenhomes Private Limited | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (vi) | Pine Infracon Private Limited | Near Elements Mall, P. NO. 18, Bhirgu Nagar, Scheme- 9, Ajmer Road, Jaipur, Rajasthan |
| (vii) | Prime Time Infraprojects Private Limited | Elements Mall, Near DCM Market, Ajmer Road, Jaipur, Rajasthan |
| (viii) | Aaditya Mega Projects Private Limited | House No.19A, Old Fatehpura, Triveni kiGali, Udaipur, Rajasthan |
| (ix) | Shree Veerji Battery Private Limited | Modi Lanesirohi, Rajasthan, Rajasthan |
| (x) | Vaayu Build Tech Private Limited | SF 14, Gayatri Nagar HiranMagri, Sector – 5 Udaipur, Rajasthan |
| (xi) | Virendra Modi Buildestate Pvt Ltd | Kutumb Near Adarsh Nagar, Sirohi, Rajasthan |
| (xii) | Waterfall Real Estates Pvt. Ltd. | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (xiii) | Axtron Tex Chem (I) Pvt Ltd | F-7 & F-9, Riico Industrial Area, Sirohi Road, RJ 307022 |
| (xiv) | Blue Water Realty Private Limited | Near Elements Mall, P. NO. 18, Bhirgu Nagar, Scheme – 9, Ajmer Road, Jaipur, Rajasthan |
| (xv) | Dwell Buildestates Private Limited | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (xvi) | Earth Buildcreation Private Limited | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (xvii) | Ghantakarn Buildestates and Landdevelopers Pvt Ltd | Modi Lanesirohi, Rajasthan |
| (xviii) | Gharonda Buildestates Private Limited | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (xix) | Glorious Realhome Private Limited | J 7, Moti Doongri Road, Jaipur,Rajasthan |
| (xx) | Laxmikripa Buildcon Pvt Ltd | 103, Parshwanath Complex, Bhatt Ji Ki Badi, Udaipur,Rajasthan – 313001 |
| (xxi) | Mother land buildhomes Pvt. Ltd. | J 7, Moti Doongri Road, Jaipur, Rajasthan |
| (xxii) | Padmawati Art Creation Pvt Ltd | 104 Olympic Complex, Jodhpur RJ 342003 |
| (xxiii) | Riddhi Siddhi Infratech Pvt Ltd | Corporate Tower, Rsg The Universe Campus, HiranMagri Extension, Opposite Sector-9, Udaipur, Rajasthan-313001 |
| (xxiv) | Valerian Buildtech Private Limited | S-707, Road NO-6, Vishwakarma Industrial Area, Jaipur, Rajasthan |
| (xxv) | Vishavam Infrabuild Private limited | House No- 19, Bold Fatehpura, Udaipur, Rajasthan |
| (xxvi) | Mukesh Kumar Modi | A-10, Adarsh Nagarsirohi 307001, Rajasthan |
| (xxvii) | Bharat Modi | (a) Modi Lane Sirohi 307001, Rajasthan
(b) SirohiSunar Wada, Purani Nagarpalika, Sirohi 307001, Rajasthan |
| (xxviii) | Rahul Modi | Modi House, Adarsh Nagar, Sirohi 307001, Rajasthan |
| (xxix) | Virender Modi | Modi Street Sirohi 307001, Rajasthan |
| (xxx) | Priyanka Modi | (a) 89-D, Bhagat Ki Kothi, Extension Scheme, Pali Road, Jodhpur 342005, Rajasthan
(b) 46, Modi Line, ChhotiBrahmapuri, Sirohi 307001, Rajasthan |
| (xxxi) | Vaibhav Lodha | 89-D, Bhagat Ki Kothi Extension, New Pali Road, Jodhpur 342005, Rajasthan |
| (xxxii) | Mahendra Kumar Tak | 71, Shanti Nagar, Sirohi 307001, Rajasthan |
| (xxxiii) | Saurabh Tak | 71, Shanti Nagar,Sirohi 306401, Rajasthan |
| (xxxiv) | Mahesh Kumar Tak | 17-A, Shanti Nagar, Sirohi, 307001, Rajasthan |
| (xxxv) | Deepak Shrimali | 158, Navratan Complex, Bedia Road Bhuwana, Udaipur 313001 Rajasthan |
| (xxxvi) | Prakash Chandra Purohit | Gali No. 2, DevnagriTankriya, Sirohi 307001, Rajasthan |
| (xxxvii) | Vivek Harivyasi | (a) Khora Seri, Sadar Bazar, Sirohi 307001, Rajasthan
(b) Dev Nagritakriya Sirohi 307001, Rajasthan |
| (xxxviii) | Vinay Kumpawat | (a) 38, Guru Jambeshwar Nagar, Vaishali Nagar, Jaipur,302021, Rajasthan, India
(b) Didwana Kuchaman Road, W. NO.-8, Nagoor 341303, Rajasthan |
| (xxxix) | Vivek Purohit | Gali No. 2, DevnagriTankriya, Sirohi 307001, Rajasthan |
| (xl) | Naveen Choudhary | Purana Bus Station Ke Pass, PO-Kuchera, Nagaur 341024, Rajasthan |
| (xli) | Manish chaudhary | (a) 112, Paschim Vihar, Jaipur 302021, Rajasthan
(b) Shubham M.G. Road, Brampuri, Nagaur Post, Nagaur 341001, Rajasthan |
| (xlii) | Rajeshwar Singh | D-57, Hanuman Nagar, Vaishali Nagar, Jaipur 302021, Rajasthan |
| (xliii) | Shyam Bihari Gupta | 424, Panchratna Complex,Fatehpura, Udaipur 313001, Rajasthan |
| (xliv) | Megha Chauhan | Old Bus Stand Rohatpali 306421, Rajasthan |
| (xlv) | Paras Bolia | 14, Gayatri Nagar HiranMagri, Sector – 5, Udaipur 313001, Rajasthan |
| (xlvi) | Jinendra Vyas | House No 365, J – One Road, Bhupalpura Udaipur 313001, Rajasthan |
| (xlvii) | Nitin Rathore | Amar Marketing, Oasis Cellularopp, Ganga Ji Temple, Amba Ji Road, Abu, Road, Sirohi 307001, Rajasthan |
| (xlviii) | Neha Gemawat | Modi Line, Sirohi 307001, Rajasthan |
| (xlix) | Jainam Rathod | 407-409, JSS Road, 4TH Floor, Flat No-22, Chiva Bazaar, Mumbai |
| (l) | Rohit Modi | Modi Street Sirohi 307001, Rajasthan |
| (li) | Ravi Tak | Shrimal Nagar bhinmal 343001, Rajasthan |
| (lii) | Indu Tak | 71, Shanti Nagar, Sirohi 307001 |
| (liii) | Rajeev Verma | A-2, Sanjay Colony, Nehru Nagar, Jaipur 302016, Rajasthan |
| (liv) | Sushil Maloo | 260 Himmat Nagar, Tonk Road, Jaipur 302018, Rajasthan |
| (lv) | Rajendra Singh Bhandari | 3 THA 55, Jawahar Nagar, Jaipur 302004, Rajasthan |
| (lvi) | Mahesh Dutt Sharma | F-67, Major Shaitan Singh Colony, Shastri Nagar, Jaipur-302016 |
| (lvii) | Abhay K Shah & Associates | 6th Floor, Manglam Fun Square, Durga Nursery, Udaipur, Rajasthan |
| (lviii) | Abhay K Shah | 117, E Block, University Road Adarsh Nagar, Girwa, Udaipur 313001, Rajasthan |
| (lix) | S L Bohra & Associates | Shop No. 39-40, Ashwini Bazaar, Udaipur City, Udaipur, Rajasthan- 313001 |
| (lx) | Sudhir Mehta | 28, Mahaveer Nagar, Road No.2, Behind Tulsi Niketan, Sector 4, HiranMagri,Udaipur-313001 |
| (lxi) | Raj Kumar Bohra | Shop No. 39-40, Ashwini Bazaar, Udaipur City, Udaipur, Rajasthan- 313001 |
65. SFIO’s Petitions filed before NCLT Ahmadabad on behalf of govt. of India
| (i) | Adarsh Thoughtworks Private Limited | Flat No.9, 3rd Floor, Sujan Avenue Near Khadayata Colony, Ellisbridge Ahmadabad, Gujarat |
| (ii) | Adarsh Tech Innovision Private Limited | Flat No.9, 3rd Floor, Sujan Avenue Near Khadayata Colony, Ellisbridge, Ahmadabad, Gujarat |
| (iii) | Adarsh Producer Company Limited | Flat No.9, 3rd Floor, Sujan Avenue Near Khadayata Colony, Ellisbridge, Ahmadabad, Gujarat |
| (iv) | Mukesh Kumar Modi | A-10, Adarsh Nagarsirohi 307001, Rajasthan |
| (v) | Mahendra Kumar Tak | 71, Shanti Nagar, Sirohi 307001, Rajasthan |
| (vi) | Virender Modi | Modi Street Sirohi 307001, Rajasthan |
| (vii) | Indu Tak | 71, Shanti Nagar, Sirohi 307001 |
| (viii) | Bharat Modi | (a) Modi Lane Sirohi 307001, Rajasthan
(b) SirohiSunar Wada, Purani Nagarpalika, Sirohi 307001, Rajasthan |
| (ix) | Vivek Harivyasi | (a) Khora Seri, Sadar Bazar, Sirohi 307001, Rajasthan
(b) Dev Nagritakriya Sirohi 307001, Rajasthan |
| (x) | Abhay k. Shah | 117, E Block, University Road Adarsh Nagar, Girwa, Udaipur 313001, Rajasthan |
66. SFIO’s Petitions filed before NCLT Chennai on behalf of govt. of India
| (i) | Sambhav Energy Limited | No.5, Damodaran Street Kilpauk, Chennai, Tamil Nadu |
| (ii) | Mukesh Kumar Modi | A-10, Adarsh Nagar sirohi 307001, Rajasthan |
| (iii) | Mahendra Kumar Tak | 71, Shanti Nagar, Sirohi 307001, Rajasthan |
| (iv) | Virender Modi | Modi Street Sirohi 307001, Rajasthan |
| (v) | Vivek Purohit | Gali No. 2, DevnagriTankriya, Sirohi 307001, Rajasthan |
| (vi) | Abhay k. Shah | 117, E Block, University Road Adarsh Nagar, Girwa, Udaipur 313001, Rajasthan |
67. SFIO’s Petitions filed before NCLT Delhi (Principal Bench) on behalf of govt.
| (i) | Aarti Marketing Private Limited | B-132, Anand Vihar, Delhi 110092 |
| (ii) | Alba Polymers Limited | Office No. 303, IInd Floor, Plot No.13-A, Veer Savarkar Complex, Veer Savarkar Block, Shakarpur Delhi East, Delhi – 110092 |
| (iii) | Amarendra Financial Private Limited | 14/5, Basment Old Rajinder Nagar, New Delhi – 110060 |
| (iv) | Caranation Trading Prt. Ltd. | 22, Mausam Vihar, Delhi – 110051 |
| (v) | Channel Nine Entertainment Limited | 3/12, Ground Floor, Asaf Ali Road, New Delhi – 110002 |
| (vi) | Csn Estates Private Limited | Plot No. 2, Shop No. 1 and 4, Local Shopping Center, PushpVihar Madangir, Delhi – 110062 |
| (vii) | cyan financial solutions private limited | 2586, Ground Floor Nai Basti Delhi, North Delhi DL 110066 |
| (viii) | Cynosure Real Estates Private Limited | 2586, Ground Floor, Nai Basti, Naya Bazar, Delhi-110006 |
| (ix) | Dinkar Commercials Private Limited | 14/5, Basment Old Rajinder Nagar, New Delhi 110060 |
| (x) | Eos Developers Private Limited | T15, UG, Green Park Main, New Delhi-110019 |
| (xi) | Funny Software Limited | Office No. 208, 2nd Floor, Plot No. A-1 Madhuban Tower, Veer Savarkar Block, Shakarpur Delhi, East Delhi – 110092 |
| (xii) | Gold Line International Finvest Limited | Flat No. 116, First Floor, Hemkunt Chamber, 89, Nehru Place New Delhi, South Delhi – 110019 |
| (xiii) | Headstrong International Exports Private Limited | H.NO. B-132, G/F, Anand Vihar, New Delhi-110092, Delhi |
| (xiv) | Inceptum enterprises limited | B-10, Near Muskan Restaurant Keshav Chowk Panchshe Naveen Shahdara New Delhi – 110032 |
| (xv) | Lever Finvest Private Limited | B-132, Anand Vihar, Delhi – 110092 |
| (xvi) | Na Developers Private Limited | Plot No. 2, Shop No. 1 and 4, Local Shopping Center Pushp Vihar Madangir, Delhi 110062 |
| (xvii) | Palm Tree Buildcon Private Limited | 258, Satyam Tower, Opposite Jwalaheri Market, Paschim Vihar, New Delhi 110063 |
| (xviii) | Porsche Capital Market Limited | K H – 810, 2ND Floor MahipalPur Extension (Near Maruti Workshop) New Delhi, South West, Delhi 110037 |
| (xix) | Prince Realbuild Private Limited | S-518, Basement Greater Kailash, Part I, New Delhi 110048 |
| (xx) | Rolex Exports Private Limited | Flat No 206 4832/24, Ansari Road Daryagang, New Delhi DL 110002 |
| (xxi) | Rosemary Buildcon Private Limited | 258, Satyam Tower, Opposite Jwalaheri Market, Paschim Vihar, New Delhi 110063 |
| (xxii) | Sagitarius Advertising Limited | Office No- 103, 1st Floor, Plot No.2, Triveni Complex, Veer Savarkar Block, Shakarpur Delhi, East Delhi 110092 |
| (xxiii) | Satkar finlease limited | 829, Laxmideep Building, 8th Floor, District Centre, Next to V3S Mall, Laxmi Nagar Delhi 110092 |
| (xxiv) | Sidhartha Ahar Vihar Udyan Private Limited | Plot No. 2, Shop No. 1 & 4, Local Shopping Center, Pushp Vihar Madangir, Delhi- 110062 |
| (xxv) | Sidhartha Buildhome Private Limited | Plot No. 2, Shop No. 1 and 4, Local Shopping Center Pushp Vihar Madangir Delhi, New Delhi 110062 |
| (xxvi) | Sidhartha Buildtech Private Limited | C- 109, Ground Floor, Hari Nagar, Clock Tower New Delhi 110064 |
| (xxvii) | Surya Marketing Limited | House No.4346, Ground Floor, Gali No. 4C Ansari Road, Darya Ganj New Delhi – 110002 |
| (xxviii) | Vishal digital studio color lab private limited | Plot No. 2, Office No. 103, F/F Veer Savarkar Block, Triveni Complex, Shakarpur, Near Madhuban Sweets, East Delhi -110092. |
| (xxix) | Deepak Shrimali | 158, Navratan Complex, Bedia Road, Bhuwana, Udaipur 313001, Rajasthan |
| (xxx) | Naveen Kumar | House No.565, Pocket-A, Sector-22, Gurgaon122001, Haryana |
| (xxxi) | Peeyush Aggarwal | B-132, Anand Vihar, Delhi-110092 |
| (xxxii) | Paramvir Singh Sangwan | H.NO-133, National Media Centre, Shanker Chowk, National Highway No-8, Chakkarpur (74), Gurgaon 122002, Haryana |
| (xxxiii) | Raj Kumar Modi | E-380. 1st Floor, Greater Kailash, Part-I, New Delhi-110048 |
| (xxxiv) | Sidharth Chauhan | Plot No-6, Sec-44, Gurugram, Haryana |
| (xxxv) | Vivek Harivyasi | (a) Khora Seri, Sadar Bazar, Sirohi 307001, Rajasthan
(b) Dev Nagritakriya Sirohi 307001, Rajasthan |
| (xxxvi) | Vijay Jhindal | S-520, Greater Kailash, New Delhi-110048 |
67. SFIO’s Petitions filed before NCLT Kolkata on behalf of govt. of India
| (i) | Sears Bilt Private Limited | 11 No. Govt. Place East, Mazzanine Floor, Kolkata, West Bengal– 700069 |
| (ii) | Aditya Sarda |
(a) R/o 3, Alipore Park Place, Kolkata – 700 027 (b) F/25A, Huaz Khas Enclave, South Delhi – 100016 |
68. SFIO’s Petitions filed before NCLT Allahabad on behalf of govt. of India
| (i) | KANAK KRISHI IMPLEMENTS LIMITED | Shop No. 1, Plot No. 10, Bala Ji Enclave, Sadarpur Road Near Harsaon Police Line, Govind Puram, Ghaziabad – 201013 |
69. SFIO’s Petitions filed before NCLT New Delhi on behalf of govt. of India
| (i) | Adarsh Credit & Cooperative Society Ltd. Through liquidator | Second Floor, 14 Vidya Vihar Colony, Opposite Hotel Fortune Landmark, Usmanpura, Ahmadabad, 380013 Gujarat (old Address: Palace Road, Sirohi, Rajasthan 307001) |
Conclusion:
The establishment of the Serious Fraud Investigation Office (SFIO) under the Companies Act, 2013 has significantly strengthened the investigative framework in India. SFIO’s extensive powers, including the ability to investigate companies based on reports from the Registrar of Companies, orders from the government, and public interest considerations, empower it to delve into complex corporate frauds and bring the culprits to justice. The organizational structure of SFIO, with its headquarters and regional offices, ensures efficient functioning and widespread coverage. With its dedicated team of officers and experts from various fields, SFIO continues to play a pivotal role in protecting the interests of investors and promoting transparency in corporate practices. Through its relentless efforts, SFIO contributes to fostering a conducive business environment in India and upholding the principles of good corporate governance.
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(Author can be reached at email address satishagarwal307@yahoo.com or on Mobile No. 9811081957)
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