According to the provisions of new Company Act, 2013, the 'SFIO' (Serious Fraud Investigation Office) shall be headed by _______________.

A manager

No worries! We‘ve got your back. Try BYJU‘S free classes today!

An auditor

No worries! We‘ve got your back. Try BYJU‘S free classes today!

A director

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Any of the above

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C A director
The Central Government shall appoint a Director in the Serious Fraud Investigation Office, who shall be an officer not below the rank of a Joint Secretary to the Government of India having knowledge and experience in dealing with matters relating to corporate affairs.The SFIO is headed by a director not below the rank of a Joint Secretary to the Government of India having knowledge and experience in dealing with the matters relating to corporate affairs.

Suggest Corrections

Similar questions

Consider the following statements about Serious Fraud Investigation Office:

Which of the above statements is/are correct

80. Consider the following statements regarding Serious Fraud investigation Office(SFIO):

i) It is a statutory body to investigate corporate frauds of serious and complex nature.

ii) It is established under Ministry of Finance.

iii) It has been vested with police power in their investigation.

Which of the above statements is / are correct?

Join BYJU'S Learning Program