Chapter 14 - Corporate Law Reporter

Section 217 of Companies Act, 2013 – Procedure, powers, etc., of inspectors

SECTION 217. PROCEDURE, POWERS, ETC., OF INSPECTORS [Effective from 1st April, 2014] (1) It shall be the duty of all officers and other employees and agents including the former officers, employees and agents of a company which is under investigation in accordance with the provisions contained in this Chapter, and where the affairs of any… Read More

Section 216 of Companies Act, 2013 – Investigation of ownership of company

SECTION 216. INVESTIGATION OF OWNERSHIP OF COMPANY [Effective from 1st April, 2014 except sub-section (2) which is effective from 1st June, 2016] (1) Where it appears to the Central Government that there is a reason so to do, it may appoint one or more inspectors to investigate and report on matters relating to the company,… Read More

Section 215 of Companies Act, 2013 – Firm, body corporate or association not to be appointed as inspector

SECTION 215. FIRM, BODY CORPORATE OR ASSOCIATION NOT TO BE APPOINTED AS INSPECTOR [Effective from 1st April, 2014] No firm, body corporate or other association shall be appointed as an inspector. Read More

Section 214 of Companies Act, 2013 – Security for payment of costs and expenses of investigation

SECTION 214. SECURITY FOR PAYMENT OF COSTS AND EXPENSES OF INVESTIGATION [Effective from 1st April, 2014] Where an investigation is ordered by the Central Government in pursuance of clause (b) of sub-section (1) of section 210, or in pursuance of an order made by the Tribunal under section 213, the Central Government may before appointing… Read More

Section 213 of Companies Act, 2013 – Investigation into company’s affairs in other cases

SECTION 213. INVESTIGATION INTO COMPANY'S AFFAIRS IN OTHER CASES [Effective from 1st June, 2016] The Tribunal may,— (a) on an application made by— (i) not less than one hundred members or members holding not less than one-tenth of the total voting power, in the case of a company having a share capital; or (ii) not… Read More

Section 212 of Companies Act, 2013 – Investigation into affairs of company by Serious Fraud Investigation Office

SECTION 212. INVESTIGATION INTO AFFAIRS OF COMPANY BY SERIOUS FRAUD INVESTIGATION OFFICE [Effective from 1st April, 2014, except sub- section (8) to (10) which is effective from 24th August, 2017, and referencing of sub-section (5) of section 140 made in sub-section (6) which is not yet effective] (1) Without prejudice to the provisions of section… Read More

Section 211 of Companies Act, 2013 – Establishment of Serious Fraud Investigation Office

SECTION 211. ESTABLISHMENT OF SERIOUS FRAUD INVESTIGATION OFFICE [Effective from 1st April, 2014] (1) The Central Government shall, by notification, establish an office to be called the Serious Fraud Investigation Office to investigate frauds relating to a company: Provided that until the Serious Fraud Investigation Office is established under sub-section (1), the Serious Fraud Investigation… Read More

Section 210 of Companies Act, 2013 – Investigation into affairs of company

SECTION 210. INVESTIGATION INTO AFFAIRS OF COMPANY [Effective from 1st April, 2014] (1) Where the Central Government is of the opinion, that it is necessary to investigate into the affairs of a company,— (a) on the receipt of a report of the Registrar or inspector under section 208; (b) on intimation of a special resolution… Read More

Section 209 of Companies Act, 2013 – Search and seizure

SECTION 209. SEARCH AND SEIZURE [Effective from 1st April, 2014] (1) Where, upon information in his possession or otherwise, the Registrar or inspector has reasonable ground to believe that the books and papers of a company, or relating to the key managerial personnel or any director or auditor or company secretary in practice if the… Read More

Section 208 of Companies Act, 2013 – Report on inspection made

SECTION 208. REPORT ON INSPECTION MADE [Effective from 1st April, 2014] The Registrar or inspector shall, after the inspection of the books of account or an inquiry under section 206 and other books and papers of the company under section 207, submit a report in writing to the Central Government along with such documents, if… Read More

Section 207 of Companies Act, 2013 – Conduct of inspection and inquiry

SECTION 207. CONDUCT OF INSPECTION AND INQUIRY [Effective from 1st April, 2014] (1) Where a Registrar or inspector calls for the books of account and other books and papers under section 206, it shall be the duty of every director, officer or other employee of the company to produce all such documents to the Registrar… Read More

Section 206 of Companies Act, 2013 – Power to call for information, inspect books and conduct inquiries

SECTION 206. POWER TO CALL FOR INFORMATION, INSPECT BOOKS AND CONDUCT INQUIRIES [Effective from 1st April, 2014] (1) Where on a scrutiny of any document filed by a company or on any information received by him, the Registrar is of the opinion that any further information or explanation or any further documents relating to the… Read More