Power to require companies to furnish information and permit inspection, with statutory penalties for non compliance. Central Government may order companies, classes of companies, or individual companies to furnish specified information or statistics about their constitution or working within a prescribed time; such orders are published in the Official Gazette and that publication date is deemed the date of requirement. The Government may require production or inspection of records or further information to verify correctness. Non-compliance or knowingly providing materially incorrect or incomplete information exposes the company and officers in default to statutory penalties. The section applies to foreign companies in relation to business carried on locally.
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 companies to furnish information and permit inspection, with statutory penalties for non compliance.
Central Government may order companies, classes of companies, or individual companies to furnish specified information or statistics about their constitution or working within a prescribed time; such orders are published in the Official Gazette and that publication date is deemed the date of requirement. The Government may require production or inspection of records or further information to verify correctness. Non-compliance or knowingly providing materially incorrect or incomplete information exposes the company and officers in default to statutory penalties. The section applies to foreign companies in relation to business carried on locally.
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