The Union Minister of State for Corporate Affairs Mr. R.P.N. Singh has stated that since inception, the Serious Fraud Investigation Officers have Investigated 61 Companies u/s 235 /237 of the Companies Act, 1956. Replying to a question in Lok Sabha recently, he said there is no criteria classifying Companies as big or otherwise under the Companies Act, 1956. The time taken in completion of the investigations depends upon the seriousness and complexities of the issues involved in each case.

Serious fraud investigations under company law continue; timeframes depend on case seriousness and complexity. Serious Fraud Investigation Officers have investigated 61 companies under Sections 235 and 237 of the Companies Act, 1956; there is no statutory criterion classifying companies by size for such investigations, and the time taken to complete each investigation depends on the seriousness and complexities of issues in the individual case.