Investigating the Frauds Committed by the Companies

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..... Investigating the Frauds Committed by the Companies
News and Press Release
Dated:- 14-12-2012

Press Information Bureau Government of India Ministry of Corporate Affairs 13-December-20 .....

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..... 12 19:32 IST 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, 201 .....

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..... 0-11, 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 Pilot, Minister of Corporat .....

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..... e Affairs, said that the Government is intending to bring stringent legislation through Companies Bill, 2011 by providing adequate provisions and measures to ensure that companies raise money in a mor .....

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..... e transparent and accountable manner and also propose to grant statutory recognition to SFIO and to increase its powers to curb frauds. ------------------------ KKP
News - Press release - PIB .....

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