Power to call for information allows registrar to require documents and conduct inquiries; central government may appoint inspectors. The Registrar may require a company to furnish written information, explanations and produce documents when further material is necessary; officers employed during relevant past periods may also be required to provide explanations. If responses are inadequate or an unsatisfactory state of affairs appears, the Registrar, after recording reasons, may call for further books and papers for inspection. The Registrar may inquire into fraudulent or unlawful conduct or noncompliance, and the Central Government may direct or appoint inspectors or authorise statutory authorities to inspect books. Noncompliance attracts fines and continuing daily penalties, and fraudulent business may engage fraud penalties for officers in default.
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 call for information allows registrar to require documents and conduct inquiries; central government may appoint inspectors.
The Registrar may require a company to furnish written information, explanations and produce documents when further material is necessary; officers employed during relevant past periods may also be required to provide explanations. If responses are inadequate or an unsatisfactory state of affairs appears, the Registrar, after recording reasons, may call for further books and papers for inspection. The Registrar may inquire into fraudulent or unlawful conduct or noncompliance, and the Central Government may direct or appoint inspectors or authorise statutory authorities to inspect books. Noncompliance attracts fines and continuing daily penalties, and fraudulent business may engage fraud penalties for officers in default.
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