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        Corp. Laws, SEBI & IBC

        Pending Cases of Fraud with RoCs

        March 12, 2016

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        No cases of frauds are lying pending since long in the Office of Registrar of Companies (RoCs) and Regional Director.  Cases involving serious fraud are sent to SFIO without any undue delay.  The number of cases sent to SFIO and the prosecutions filed in the last three years:

        Year

        Number of cases sent to SFIO

        Prosecutions filed

        2013-14

        83

        89

        2014-15

        70

        61

        2015-16

        42

        44

        This was stated by Shri Arun Jaitley, Minister of Corporate Affairs in written reply to a question in the Lok Sabha.

        Fraud case referrals: serious frauds are sent promptly to SFIO; no long-pending cases at RoCs, in written reply. No long-pending fraud cases are held at Registrar of Companies offices or Regional Directors; matters involving serious frauds are referred without undue delay to the SFIO. The communication reports counts of referrals to SFIO and prosecutions initiated over the referenced three-year period, and stresses prompt referral and prosecution as the operative regulatory mechanism.
                          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.

                                Fraud case referrals: serious frauds are sent promptly to SFIO; no long-pending cases at RoCs, in written reply.

                                No long-pending fraud cases are held at Registrar of Companies offices or Regional Directors; matters involving serious frauds are referred without undue delay to the SFIO. The communication reports counts of referrals to SFIO and prosecutions initiated over the referenced three-year period, and stresses prompt referral and prosecution as the operative regulatory mechanism.





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                                ActsIncome Tax
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