#section212 #companiesact2013 #investigation #fraud Section 212 specifies the process for the SFIO's investigation. There are 17 clauses and their supporting sentences in this section. Without limiting the requirements of Section 210, Section 212(1) states that the Central Government may, by order, designate the SFIO to conduct an investigation into the operations of a company where it "is of the opinion" that doing so is essential due to the reasons listed in Section 212(1).
#section211 #companiesact2013 #SFIO #fraud SFIO is an organization in India that investigates significant fraud cases. The Ministry of Corporate Affairs of the Government of India is in charge of it. It is a multidisciplinary organization with professionals from the financial sector, capital market, accounting, forensic audit, taxation, law, information technology, business law, customs, and investigation to prosecute white-collar crimes and frauds under the company's law. Th
#companiesact2013, #penalty, #fraud, #law, #rules, #sections, #officers, #punishments About This article talks about the punishment for the frauds which are committed by the officers during the business year and what is considered a fraud and the punishment involved accordingly which are laid down under Section 337 of the Companies Act 2013. Section in Brief Section 337 of the Companies Act says that, if any individual, being at the hour of the commission of the supposed offe
#Fraud #Section447 #Punishment #WrongfulGain #WrongfulLoss This section is covered under Chapter XXIX of Companies Act, 2013. Introduction Under this article without prejudice to any liability under this Act or any other law currently in force, any person found guilty of fraud involving an amount of at least ten lakh rupees or one percent of the company's turnover, whichever is lower shall be punished by imprisonment for a term of not less than six months but not more than te