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<h1>Section 211 creates Serious Fraud Investigation Office with expert-led team to probe complex corporate frauds nationwide</h1> Section 211 mandates the Central Government to establish the Serious Fraud Investigation Office (SFIO) by notification to investigate company-related frauds, with the pre-existing SFIO deemed valid until such establishment. The SFIO is to be headed by a Director, appointed by the Central Government, who must be an officer of at least Joint Secretary rank with corporate affairs expertise. The office shall include experts of integrity and experience from specified fields such as banking, corporate affairs, taxation, forensic audit, capital market, information technology, law, and other prescribed areas. The Government may appoint necessary staff, with their service conditions prescribed by rules.