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Serious Fraud Investigation Office

Latest Articles


31 FAQ’s on SFIO’s + Inspector’s Investigation of Indian & Foreign Companies in India

Company Law : Explore the depths of SFIOs role and ROC's authority in scrutinizing companies in India. Uncover how these bodies enforce complian...

March 2, 2023 1719 Views 0 comment Print

Investigation into affairs of company by SFIO under Companies Act, 2013

Company Law : Section 212 of Companies Act, 2013 deals with investigation into the affairs of company by Serious Fraud Investigation Office (SF...

February 12, 2023 27309 Views 0 comment Print

Promoters and affiliated Entities Implicated in GO Mechanic Scandal

Finance : GO Mechanic scandal reveals undisclosed payments to promoters & affiliated entities. Investors were misled & funds misappropriated...

January 19, 2023 1683 Views 0 comment Print

Serious Fraud Investigation Office Under Companies Act, 2013

Company Law : The Serious Fraud Investigation Office (SFIO) is a fraud investigating agency in India. The SFIO is a multi-disciplinary organizat...

February 15, 2016 2756 Views 0 comment Print

Brief Outline on Guidance Note on Reporting of Fraud U/s. 143(12) of Companies Act 2013

Company Law : The article briefly explains the guidelines issued by the Auditing Assurance Standards Board of Institute of Chartered Accountants...

April 7, 2015 4370 Views 0 comment Print


Latest News


SFIO Probes EV Manufacturers for FAME-II Subsidy Fraud

Corporate Law : SFIO investigates three EV companies for Rs. 297 crore subsidy fraud under FAME-II. Alleged violations include importing restricte...

December 6, 2024 624 Views 0 comment Print

SFIO Actions on Corporate Frauds in India

Corporate Law : SFIO investigates 36 corporate fraud cases in the past 3 years, with 41 cases filed and 25 convictions. MRAU enhances fraud detect...

December 6, 2024 483 Views 0 comment Print

SFIO investigating affairs of Sahara India Group companies: Govt

Company Law : GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 1282 ANSWERED ON MONDAY, JULY 25, 2022/ SRAVAN...

August 4, 2022 1503 Views 0 comment Print

107 companies and 7 LLPs under SFIO scanner in PNB fraud case

Corporate Law : The Government has ordered investigation into the affairs of 107 companies and 7 LLPs under the provisions of Section 212(1)(c) of...

March 16, 2018 4593 Views 0 comment Print

MLM/ Ponzi Schmes- Status of Action against 187 Companies

Corporate Law : MCA has ordered investigations through SFIO U/s. 235 of the Companies Act, 1956 and Section 212 of Companies Act, 2013 into affair...

May 4, 2016 3517 Views 1 comment Print


Latest Judiciary


Bhushan Steel Stock Audit Negligence case : Another CA gets Bail

Income Tax : Pankaj Mahajan Vs Serious Fraud Investigation Office (Delhi High Court) The role of the petitioner a practicing Chartered Accounta...

July 31, 2022 2295 Views 0 comment Print

HC grant Bail to CA in case of alleged negligence in stock audit & Fraud

CA, CS, CMA : Since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the A...

July 16, 2022 6792 Views 0 comment Print


Latest Notifications


Notification No. G.S.R. 777(E), dated 22-9-2010

Company Law : In exercise of the powers conferred by clause (ii) of sub-section (1) of Section 209A of the Companies Act, 1956, the Central Gove...

September 22, 2010 1153 Views 0 comment Print

Notification No. G.S.R.475(E), dated 7-6-2010

Company Law : In exercise of the powers conferred by sub-section (1) of Section 621 of the Companies Act, 1956 (1 of 1956), the Central Governme...

June 7, 2010 472 Views 0 comment Print


Serious Fraud Investigation Office Under Companies Act, 2013

February 15, 2016 2756 Views 0 comment Print

The Serious Fraud Investigation Office (SFIO) is a fraud investigating agency in India. The SFIO is a multi-disciplinary organization and was set up by Govt. of India under Ministry of Corporate Affairs, consisting of experts in the different fields for detecting and prosecuting crimes/frauds pursuance to Government of India Resolution No. 45011/16/2003-Adm-I, dated the July 2, 2003.

Brief Outline on Guidance Note on Reporting of Fraud U/s. 143(12) of Companies Act 2013

April 7, 2015 4370 Views 0 comment Print

The article briefly explains the guidelines issued by the Auditing Assurance Standards Board of Institute of Chartered Accountants of India on Reporting of Fraud under Sec 143(12) of the Companies Act 2013.

Download Guidance Note on Fraud Reporting U/s. 143(12) of Companies Act, 2013

March 3, 2015 3809 Views 0 comment Print

The Guidance Note provides an overview of reporting requirement u/s 143(12). It also provides detailed guidance wrt various aspects of this reporting requirement like requirements for reporting u/s 143(12), responsibility of management, responsibility of auditor, Issues for consideration by the auditors, Applicability of Standards on Auditing, Audit procedures Technical guidance, Appendices etc.

List of 26 cases of Corporate Frauds

March 20, 2012 5298 Views 0 comment Print

Multi-national audit firms are regulated as per the Chartered Accountants Act, 1949 and the Chartered Accountants (Procedure of Investigations of Professional and other Misconduct and Conduct of Cases) Rules, 2007 and the Regulations framed thereunder. There is no bar under the Companies Act and the Chartered Accountants Act for such organizations to take up investigations of frauds on specific requests of the clients.

SFIO investigating 14 cases – says R.P.N. Singh

March 15, 2011 774 Views 0 comment Print

The Minister of State of Corporate Affairs, Shri R.P.N. Singh has stated that serious Fraud Investigation Office (SFIO) is currently investigating 14 cases. In the past two years investigation in respect of 25 companies were completed and 117 petitions were filed by SFIO in the Competent Courts. The Hon’ble Courts ordered convictions in 39 prosecution cases filed by SFIO in the preceding years. The SFIO has completed investigation in respect of M/s. Satyam Computer Services Ltd.

CITI Bank Fraud- Hero Group exposure Rs 28.75cr, Police questions CFO

January 2, 2011 414 Views 0 comment Print

Hero Group said on Friday its exposure in the alleged financial fraud unearthed at Citigroup’s Gurgaon branch in Haryana was Rs 28.75 crore and that it was taking action to recover its dues. On December 28, US-based Citigroup had said it was investig

Citibank fraud- RBI to probe scam

January 2, 2011 399 Views 0 comment Print

The Reserve Bank of India (RBI) has begun a probe into the Rs. 300 crore fraud at Citibank’s Gurgaon branch. RBI Executive Director G Gopalakrishna told reporters on Friday, that soon a statement in this regard would be made. Shivraj Puri, a bank e

Notification No. G.S.R. 777(E), dated 22-9-2010

September 22, 2010 1153 Views 0 comment Print

In exercise of the powers conferred by clause (ii) of sub-section (1) of Section 209A of the Companies Act, 1956, the Central Government hereby authorizes the following officers in the Serious Fraud Investigation Officer (SFIO), Ministry of Corporate Affairs to inspect the books of accounts and other books and papers for every company, namely

SFIO may be engaged to recover bad loans from companies

August 21, 2010 654 Views 0 comment Print

A day after the Supreme Court suggested that SFIO could help banks in recovering bad loans, the government on Thursday said it would look into the possibility of engaging the corporate fraud probing body to deal with the menace of non-performing assets.

Notification No. G.S.R.475(E), dated 7-6-2010

June 7, 2010 472 Views 0 comment Print

In exercise of the powers conferred by sub-section (1) of Section 621 of the Companies Act, 1956 (1 of 1956), the Central Government hereby authorize the following officers in the Serious Fraud Investigation Office, Ministry of Corporate Affairs, for the purposes of filing and conducting prosecution under the Companies Act, 1956.

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