https://www.taxtmi.com/highlights?id=105203 Section 212(1)(c) requires a demonstrable and reasoned formation of opinion based on cogent, relevant circumstances before an investigation is assigned to SFIO. The statutory order itself must disclose the material considered and the basis for both the investigation and its assignment; later committee minutes, affidavits, or investigation material cannot cure a deficient order. A prior dismissal of a co-accused's petition as premature, with liberty to pursue remedies later, does not create res judicata or bar scrutiny of the initiating action. The SFIO investigation order and consequential proceedings, including the prosecution complaint, were quashed. en-us Wed, 21 Oct 2026 08:37:56 +0530 Wed, 21 Oct 2026 08:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105203 Section 212(1)(c) requires a demonstrable and reasoned formation of opinion based on cogent, relevant circumstances before an investigation is assigned to SFIO. The statutory order itself must disclose the material considered and the basis for both the investigation and its assignment; later committee minutes, affidavits, or investigation material cannot cure a deficient order. A prior dismissal of a co-accused's petition as premature, with liberty to pursue remedies later, does not create res judicata or bar scrutiny of the initiating action. The SFIO investigation order and consequential proceedings, including the prosecution complaint, were quashed. Highlights Companies Law Wed, 21 Oct 2026 08:37:56 +0530 https://www.taxtmi.com/highlights?id=105203