Company Law : Explore the depths of SFIOs role and ROC's authority in scrutinizing companies in India. Uncover how these bodies enforce complian...
Company Law : Section 212 of Companies Act, 2013 deals with investigation into the affairs of company by Serious Fraud Investigation Office (SF...
Finance : GO Mechanic scandal reveals undisclosed payments to promoters & affiliated entities. Investors were misled & funds misappropriated...
Company Law : The Serious Fraud Investigation Office (SFIO) is a fraud investigating agency in India. The SFIO is a multi-disciplinary organizat...
Company Law : The article briefly explains the guidelines issued by the Auditing Assurance Standards Board of Institute of Chartered Accountants...
Company Law : GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS LOK SABHA UN-STARRED QUESTION NO. 1282 ANSWERED ON MONDAY, JULY 25, 2022/ SRAVAN...
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...
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...
Company Law : The Guidance Note provides an overview of reporting requirement u/s 143(12). It also provides detailed guidance wrt various aspect...
Corporate Law : Multi-national audit firms are regulated as per the Chartered Accountants Act, 1949 and the Chartered Accountants (Procedure of In...
Income Tax : Pankaj Mahajan Vs Serious Fraud Investigation Office (Delhi High Court) The role of the petitioner a practicing Chartered Accounta...
CA, CS, CMA : Since the ex-promoters/directors and similarly situated chartered accountants have been granted bail, there is no reason why the A...
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...
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...
The Government has informed the Parliament that the Serious Fraud Investigation Office (SFIO) has so far investigated cases relating to 49 companies. Giving this information in written reply to a question in Rajya Sabha, Shri Salman Khurshid, Minister for Corporate Affairs, said that the SFIO has no power to convict the companies as powers to convict are vested with the Courts only. SFIO files cases in the appropriate judicial court for penal action after investigation.
In all, 37 cases were referred to the Serious Fraud Investigation Office (SFIO) during the last three years i.e. during the years 2006-07, 2007-08 and 2008-09. Out of these 37 cases, investigations in respect of 9 cases have been completed. Number of people in respect of other six companies will be known only after launching prosecutions. In respect of the […]
