Inspection, Inquiry and Investigation (Companies Act, 2013) Flashcards

Fill-in-the-blank practice flashcards covering the key legal provisions, timeframes, and authorities regarding company inspections, inquiries, and investigations under the Companies Act, 2013.

Sections __________ to __________ of the Companies Act, 2013 deal with the provisions relating to Inspection, Inquiry, and Investigation.

$206$ to $229$

The Registrar or inspector making an inspection or inquiry under Section 207 has all the powers vested in a __________ under the Code of Civil Procedure, 1908.

civil court

The Registrar or inspector must obtain an order from the __________ before carrying out a search and seizure of books and papers under Section 209.

Special Court

The original period for which the Registrar or inspector can keep seized books and papers is __________ days, which can be extended for another __________ days.

$180$ and $180$

Under Section 210, the Central Government shall order an investigation into the affairs of a company if an order is passed by a __________ or the __________.

court or the Tribunal

For a company with share capital, an application for investigation under Section 213 requires at least __________ members or members holding __________ of the total voting power.

$100$ and $1/10^{th}$

The maximum security amount that the Central Government can require an applicant to give for investigation costs under Section 214 is __________ rupees.

$$25,000$$

The Serious Fraud Investigation Office (SFIO) is headed by a Director who must be an officer not below the rank of __________ to the Government of India.

Joint Secretary

Offences covered under section __________ of the Companies Act, 2013, are considered cognizable and non-bailable in the context of an SFIO investigation.

$$447$$

According to Section 215, no __________, __________, or other association shall be appointed as an inspector.

firm and body corporate

Under Section 216, the Central Government may appoint inspectors to investigate the __________ of a company to determine who has a beneficial interest in shares.

ownership

During an investigation, under Section 218, if a company proposes to discharge or punish an employee, it must first obtain approval from the __________.

Tribunal

If the Tribunal does not send a notice of objection within __________ days of receiving an application under Section 218, the company may proceed with the action against the employee.

$$30$$

The Tribunal may order the freezing of assets of a company for a period not exceeding __________ years if there is a suspicion that funds are being disposed of in a manner prejudicial to the company.

three

Under Section 222, the Tribunal may impose restrictions upon __________ for a period not exceeding __________ years in connection with an investigation under section 216.

securities and three

Reports submitted by an inspector under Chapter XIV (except section 212) are authenticated by the __________ of the company or a certificate of a __________ having custody of the report.

seal and public officer

Under Section 227, a __________ is not required to disclose any privileged communication made in that capacity, except for the name and address of the client.

legal adviser

If a company fails to furnish information required under section 206, the additional fine for continuing failure is __________ rupees for every day after the first.

$$500$$

Any person who is convicted on a prosecution instituted under chapter XIV may be ordered to __________ the expenses of the investigation to the Central Government.

reimburse

According to section 228, the provisions of Chapter XIV apply __________ to inspection, inquiry, or investigation in relation to foreign companies.

mutatis mutandis