Serious Fraud Investigation Office established to investigate corporate fraud; Central Government to appoint Director and experts. Establishes the Serious Fraud Investigation Office by Central Government notification to investigate company-related frauds, with an interim deeming of an existing office until establishment. The Office shall be headed by a Director (not below Joint Secretary rank with corporate affairs experience) and staffed by appointed experts from specified fields including banking, taxation, forensic audit, capital markets, information technology and law; the Central Government may appoint additional officers and prescribe terms and conditions of service.
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.
Serious Fraud Investigation Office established to investigate corporate fraud; Central Government to appoint Director and experts.
Establishes the Serious Fraud Investigation Office by Central Government notification to investigate company-related frauds, with an interim deeming of an existing office until establishment. The Office shall be headed by a Director (not below Joint Secretary rank with corporate affairs experience) and staffed by appointed experts from specified fields including banking, taxation, forensic audit, capital markets, information technology and law; the Central Government may appoint additional officers and prescribe terms and conditions of service.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
