https://www.taxtmi.com/article/detailed?id=13631 The Central Government may vest SFIO with investigatory powers under section 211(1), requiring interim and final reports and enabling prosecution directions. The SFIO report in the present matter alleges issuance of duplicate share certificates contrary to share issuance rules, pledging of shares to obtain bank credit, cancellation and reissuance of seized shares, fabrication of books of account, transfers through shell companies, and dishonest auditor conduct, collectively disclosing prima facie offences under company law and penal provisions to be tested at trial. en-us Mon, 24 Feb 2025 08:40:28 +0530 Mon, 24 Feb 2025 08:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13631 The Central Government may vest SFIO with investigatory powers under section 211(1), requiring interim and final reports and enabling prosecution directions. The SFIO report in the present matter alleges issuance of duplicate share certificates contrary to share issuance rules, pledging of shares to obtain bank credit, cancellation and reissuance of seized shares, fabrication of books of account, transfers through shell companies, and dishonest auditor conduct, collectively disclosing prima facie offences under company law and penal provisions to be tested at trial. Articles Corporate Laws / IBC / SEBI Mon, 24 Feb 2025 08:40:28 +0530 https://www.taxtmi.com/article/detailed?id=13631