The section 211 of Companies Act, 2013 describes rules and regulations regarding __________________.

Serious Fraud Investigation Office (SFIO)

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

Several Fraud Investigation Company (SFIC)

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

Public Financial Institutions (PFIs)

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

Key Managerial Personnel (KMP)

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

Open in App

Solution

The correct option is A Serious Fraud Investigation Office (SFIO)
The Serious Fraud Investigation Office (SFIO) is a fraud investigating agency in India under the jurisdiction of government of India. It is a coordinating agency with Income Tax and CBI.

SFIO is a multi disciplinary organization involve experts from finance sector, accounting sector, capital market, forensic audit, taxation, company law. These experts are taken from their individual department to form SFIO. It is headed by a Director appointed by government of India.

Section 211 of the Companies Act 2013 describes rules and regulations for SFIO.

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?

Q11. Consider the following statements:

1. Serious Fraud Investigation Office (SFIO) is setup to investigate corporate frauds.

2. It is under the jurisdiction of the Ministry of Corporate Affairs.

Which of the statements are correct?

Join BYJU'S Learning Program