Serious Fraud Investigation Office to investigate company frauds; Central Government appoints Director and experts with prescribed terms. Establishes the Serious Fraud Investigation Office to investigate company-related frauds, deeming the pre-existing SFIO sufficient until formal ... Summary
Ministry of Corporate Affairs, the Serious Fraud Investigation Office, Assistant Director (Forensic Audit), Senior Assistant Director (Forensic Audit)...
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Serious Fraud Investigation Office to investigate company frauds; Central Government appoints Director and experts with prescribed terms.
Establishes the Serious Fraud Investigation Office to investigate company-related frauds, deeming the pre-existing SFIO sufficient until formal establishment. The Central Government must notify the office, appoint a Director (an officer not below Joint Secretary with corporate affairs experience), and may appoint experts from specified fields-banking, corporate affairs, taxation, forensic audit, capital market, information technology, law-and other officers as necessary. Terms and conditions of service for the Director, experts and staff are to be prescribed.
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