Company inspections: Registrar may require information, inspect books and conduct inquiries; noncompliance attracts fines and penalties. The Registrar may serve written notices requiring companies to furnish information or produce documents when scrutiny or information indicates necessity; companies and officers must comply. If information is not provided, is inadequate, or indicates an unsatisfactory state of affairs, the Registrar may record reasons and require further production of books and explanations. Where business appears fraudulent, unlawful or non compliant, or investor grievances persist, the Registrar or an inspector directed by the Central Government may call for explanations and conduct inquiries after giving the company a reasonable opportunity to be heard. Noncompliance attracts fines and officers in default may face penalties.
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.
Company inspections: Registrar may require information, inspect books and conduct inquiries; noncompliance attracts fines and penalties.
The Registrar may serve written notices requiring companies to furnish information or produce documents when scrutiny or information indicates necessity; companies and officers must comply. If information is not provided, is inadequate, or indicates an unsatisfactory state of affairs, the Registrar may record reasons and require further production of books and explanations. Where business appears fraudulent, unlawful or non compliant, or investor grievances persist, the Registrar or an inspector directed by the Central Government may call for explanations and conduct inquiries after giving the company a reasonable opportunity to be heard. Noncompliance attracts fines and officers in default may face penalties.
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