Power to require company information: failure to comply exposes companies and officers to criminal sanctions. Central Government may, by order, require companies generally, any class of companies, or any company to furnish information or statistics regarding their constitution or working; orders to classes must be published in the Official Gazette and to individuals served as prescribed. The Government may require production of records or further information, appoint persons to inquire into failures or inaccuracies with prescribed powers, and impose criminal sanctions on companies and officers for non compliance or knowingly furnishing materially incorrect or incomplete information. Orders may also be directed to present or former officers, and foreign corporates carrying on business in India are included in relation to that business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Power to require company information: failure to comply exposes companies and officers to criminal sanctions.
Central Government may, by order, require companies generally, any class of companies, or any company to furnish information or statistics regarding their constitution or working; orders to classes must be published in the Official Gazette and to individuals served as prescribed. The Government may require production of records or further information, appoint persons to inquire into failures or inaccuracies with prescribed powers, and impose criminal sanctions on companies and officers for non compliance or knowingly furnishing materially incorrect or incomplete information. Orders may also be directed to present or former officers, and foreign corporates carrying on business in India are included in relation to that business.
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