Serious Fraud Investigation Office

Prosecution Architecture Under The Companies Act 2013

Foreword Mechanism For Criminal Proceedings Under The Present Companies Act 1956 Generally at the time of scrutinizing the Balance Sheet and Other Financial Statements of the Company, if Registrar of Companies come across any lapses on part of the Company in recording the transactions and financial irregularities etc. and observed provisions of Companies Act 1956… Read More

Tags: Central GovernmentCompanies ActCompanies Act 1956Company Law BoardRegistrar of CompaniesSecurities & Exchange Board of IndiaSerious Fraud Investigation OfficeSFIO

Strengthening the ˜Market Research and Analysis Unit™ of the Serious Fraud Investigation Office

Since 2009, a Market Research and Analysis Unit (MRAU) has been functioning in the Serious Fraud Investigation Office (SFIO) with the objectives of analyzing media reports and for market surveillance relating to corporates. Giving this information in written reply to a question in the Lok Sabha, Minister of Corporate Affairs, Shri Sachin Pilot, said that… Read More

Tags: Corporate Affairs MinistryFrench Section of the Workers' InternationalLokSabhaMarket ResearchMinister of Corporate AffairsSachin PilotSerious Fraud Investigation OfficeSFIO

Statutory Status to the Serious Fraud Investigation Office

Under the provisions of the recently enacted Companies Act, 2013, Serious Fraud Investigation Office (SFIO) has been accorded statutory status. Various other provisions of the Companies Act, 2013 would enable SFIO to be more effective in conducting investigations. Steps have also been taken to induct technology and skilled manpower to improve the functioning of SFIO.… Read More

Tags: Companies ActCorporate Affairs MinistryFrench Section of the Workers' InternationalLok SabhaSachin PilotSerious Fraud Investigation OfficeSFIOTata Group

Action Taken in Cases of Corporate Frauds

From the years 2009-10 to 2013-14 (till date), 132 cases of fraud/ illegal transaction have been brought to the notice of the Ministry of Corporate Affairs.  Giving this information in written reply to a question in the Rajya Sabha today Shri SachinPilot, Minister of Corporate Affairs, gave details of the action taken in respect of these cases as follows: (i)    In 89… Read More

Tags: Collective investment schemeCorporate Affairs MinistryFraudSecurities and Exchange Board of IndiaSerious Fraud Investigation OfficeSFIOThe Companies Act 1956

Detection of Corporate Frauds

The Serious Fraud Investigation Office (SFIO) of the Ministry of Corporate Affairs has signed two Memorandums of Understanding (MoUs) on 18-03-2013 with: (i) the National Institute of Electronics and Information Technology (NIELIT), an autonomous scientific society of the Department of Information Technology, Government of India for setting up a Forensic Lab within SFIO premises in… Read More

Tags: Corporate Affairs MinistryFinancial IntelligenceIndiaMemorandum of understandingNew DelhiRajya SabhaSachin PilotSerious Fraud Investigation OfficeSFIO

Ministry of Corporate Affairs – Special Task Force Constituted in the SFIO to Investigate

Special Task Force Constituted in the SFIO to Investigate The Affairs of Certain Chit Fund Companies The Ministry of Corporate Affairs has taken note of the misuse by certain Chit Fund Companies who have raised huge sums of money from the public at large. The State Governments are the appropriate authorities for regulation of such… Read More

Tags: Chit fundCorporate Affairs MinistryFrench Section of the Workers' InternationalKolkataSerious Fraud Investigation OfficeSFIOSpecial Task ForceWest Bengal

Investigating the Frauds Committed by the Companies

The Ministry of Corporate Affairs has established Serious Fraud Investigation Office (SFIO) to investigate frauds committed by the companies. During last 4 years ( 2008-2009, 2009-10, 2010-11, 2011-12 and till date) 83 companies were ordered for investigation by SFIO. Giving this information in written reply to a question in the Lok Sabha today, Shri Sachin… Read More

Tags: Serious Fraud Investigation OfficeSFIO

Market Research and Analysis unit of Serious Fraud Investigation Office

Serious Fraud Investigation Office (SFIO) which is a multi-disciplinary investigating agency under the Ministry of Corporate Affairs, has set up the Market Research and Analysis Unit for capacity building, co-ordination with other investigating agencies and for market surveillance. Giving this information in written reply to a question in the Lok Sabha today Shri Sachin Pilot,… Read More

Tags: Serious Fraud Investigation OfficeSFIO

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