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AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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        Case ID :
        Corp. Laws, SEBI & IBC

        Corporate Governance

        March 10, 2017

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        During the last three years the Ministry has ordered investigations, through Serious Fraud Investigation Office into the affairs of 338 companies on account of alleged frauds.  The details are as under:

        Year

        No. of companies where investigation has been ordered

        No. of prosecutions filed by SFIO

        2013-14

        83

        99

        2014-15

        71

        56

        2015-16

        184

        53

        Total

        338

        208

        Some instances of nexus among politicians, bureaucrats and corporate houses have been reported. The existing statutes have adequate provisions to impart appropriate justice in such cases.

        This was stated by Shri Arjun Ram Meghwal, Minister of State for Corporate Affairs in written reply to a question in Lok Sabha today.

        Serious fraud investigations prompt prosecutions and adequately affirm that existing statutes address political-corporate nexus. The Ministry directed the Serious Fraud Investigation Office to investigate 338 companies across a three year period, with SFIO filing a total of 208 prosecutions; the Ministry noted reports of a nexus among politicians, bureaucrats and corporate houses and asserted that existing statutes provide adequate provisions to address such conduct through investigation and prosecution.
                          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.

                                Serious fraud investigations prompt prosecutions and adequately affirm that existing statutes address political-corporate nexus.

                                The Ministry directed the Serious Fraud Investigation Office to investigate 338 companies across a three year period, with SFIO filing a total of 208 prosecutions; the Ministry noted reports of a nexus among politicians, bureaucrats and corporate houses and asserted that existing statutes provide adequate provisions to address such conduct through investigation and prosecution.





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                                Topics

                                ActsIncome Tax
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