Companies (Inspection, Investigation ,Inquiry)act 2013

Description

Companies( inspection ,investigation, inquiry) Act 2013

Chapter XIV (Sections 206 to 229 ) of the Companies Act, 2013 deals with the provisions related to inspection, investigation and inquiry. The Companies (Inspection, Investigation and Inquiry) Rules, 2014 published vide G.S.R. 247(E), dated 31-03-2014.

Read with section 210 “Investigation into affairs of company”, section 211 “Establishment of Serious Fraud Investigation Office”, section 214 “Security for payment of costs and expenses of investigation” and section 217 “Procedure, powers, etc., of inspectors”.

Companies rule 2014 comprises of namely 5 rules:

Rule 1 Short title and commencement

Rule 2 Definations

Rule 3 Appointment of person having expertise in various fields

Rule 4 Terms and conditions of service

Rule 5 Security

Rule 6 Letter of request as per sec 217