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of <h1>Indian Government Proposes Enhanced Powers for SFIO in Revised Companies Bill to Combat Fraud and Protect Investors.</h1> The Indian government plans to enhance the powers of the Serious Fraud Investigation Office (SFIO) by providing it statutory recognition and additional authority, such as treating its investigation reports as those filed by police officers and issuing letters of request for international cases. These changes, pending approval, will be incorporated into the revised Companies Bill to strengthen enforcement. The government is also conducting investor awareness initiatives with professional institutes and trade chambers and running media campaigns to caution the public against fraudulent investment schemes by unregistered companies.
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