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of <h1>Section 217: Duties in company investigations, inspector powers, penalties for non-compliance, and cross-border evidence cooperation</h1> Section 217 of the Companies Act, 2013 prescribes the procedure and powers of inspectors during company investigations. Present and former officers, employees and agents must preserve, produce records, and assist inspectors, who may also seek information from other bodies corporate. Inspectors can retain documents for 180 days (extendable), examine persons on oath, and exercise civil court powers regarding discovery, summons, and inspection. Non-compliance attracts imprisonment and fines, and convicted directors/officers vacate and are disqualified from office. Notes of examination may be used as evidence. Government and statutory authorities must assist inspectors. The provision enables reciprocal international cooperation through letters of request for evidence, both outbound and inbound, with such evidence deemed collected in the course of investigation.
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