Investigation Procedure of SFIO
(i) As per Section 212 (1) of the Companies Act, 2013, the Central Govt. may assign the
investigation into the affairs of a company to the Serious Fraud Investigation Office –
(a) on receipt of report of the Registrar or Inspector under section 208;
(b) on intimation of a special resolution passed by a company requesting an
investigation into its affairs;
(c) in public interest;
(d) on the request of any Department of Central Government or State Government
On receipt of such order from the Government, Director, SFIO may designate such
number of Inspectors as he may consider necessary for the purpose of such investigation.
(ii) As per sub-section (3) of section 212 of Companies Act, 2013, the investigation into
the affairs of a company shall be conducted in the manner and by following the
procedure specified in Chapter XIV of Companies Act, 2013. The SFIO shall submit
its report to the Central Government within the period specified in the order.
(iii) As per sub-section (4) of section 212 of Companies Act, 2013, the Director SFIO shall
cause the affairs of the company to be investigated by an investigating officer, who
shall have the powers of the Inspector under section 217 of the Companies Act, 2013.
(iv) As per sub-section (5) of section 212 of Companies Act, 2013, it shall be the responsibility of
the company, its officers and employees, who are or have been in the employment of the company
to provide all information, explanation, documents and assistance to the investigating officer
as he may require for conduct of business.
(v) As per sub-section (11) of section 212 of Companies Act, 2013, the Serious Fraud Investigation shall
submit an interim report, if so directed by the Central Government.
(vi) As per sub-section (12) of section 212 of Companies Act, 2013, on completion of
investigation, the SFIO shall submit the Investigation Report to the Central Government.