Serious Fraud Investigation Office

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Serious Fraud Investigation Office
गंभीर कपट अन्वेषण कार्यालय
Director
up to 17 December 2022
Parent agencyMinistry of Corporate Affairs
Regions
4
Facilities
Regional Offices5
Website
sfio.nic.in

The Serious Fraud Investigation Office (SFIO) is a

multi-disciplinary
organization, comprising experts in various fields such as accountancy, forensic auditing, banking, law, information technology, investigation, company law, capital market, taxation, among other domains.

Initially, it was set up by a resolution adopted by the Government of India on 2 July 2003 and carried out investigations within the existing legal framework under section 235 to 247 of the erstwhile

Companies Act, 2013, accorded the statutory status to SFIO.[1][2]

History

Based on the recommendation of

Vajpayee Government decided to set up SFIO on 9 January 2003.[3]

Organisation structure

Agency headquarters is in the Indian capital, New Delhi, with field offices located in major cities throughout India. The SFIO draws most of its officers from the ICLS, IAS, IPS, IRS and banks & other central services. The current SFIO director is Keshav Chandra (IAS). Many Additional, Joint and deputy director level officers are from ministry 's parent cadre, Indian Corporate Law Service.[4]

The agency has four regional offices in Hyderabad, Mumbai, Kolkata and Chennai.[5][6]

Investigation

The SFIO is tasked with conducting investigations into a company's affairs when the government deems it necessary. Such instances arise in various scenarios:[7]

  • Upon receiving a report from the
    Companies Act, 2013
    .
  • Upon notification of a special resolution passed by a company indicating the necessity of an investigation into its affairs.
  • On public interest.
  • Upon request from any department of the central government or a state government.

References

  1. ^ "Archived copy" (PDF). Archived from the original (PDF) on 14 March 2013. Retrieved 22 November 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  2. ^ "Chit funds: SC notices to Centre, SEBI, ED". 20 November 2013.
  3. ^ "Serious Fraud Investigation Office".
  4. ^ "Archived copy" (PDF). Archived from the original (PDF) on 20 December 2013. Retrieved 22 November 2013.{{cite web}}: CS1 maint: archived copy as title (link)
  5. ^ "Organisation Behaviour". sfio.nic.in. Retrieved 14 February 2017.
  6. ^ "SFIO Home Page". sfio.nic.in. Retrieved 14 February 2017.
  7. ^ SFIO. "About SFIO | Serious Fraud Investigation Office | India". sfio.gov.in. Retrieved 1 February 2024.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Serious_Fraud_Investigation_Office&oldid=1216857890"