Section 211 of CA 2013 : Section 211: Establishment Of Serious Fraud Investigation Office
CA 2013
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Explanation using Example
Imagine a scenario where XYZ Private Limited is accused of defrauding its investors by providing false financial statements and embezzling funds. The allegations suggest that the company's directors and key management personnel have been involved in creating fictitious sales and siphoning off money to offshore accounts. Given the gravity and complexity of the situation, the Ministry of Corporate Affairs (MCA) decides that a specialized investigation is required.
The MCA invokes Section 211 of the Companies Act, 2013, and refers the case ...
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