Serious Fraud Investigation Office (Law & Practice)
- Year of Publication: 2021
- Edition: 1st
- ISBN: 978-93-90854-35-6
Any major corporate fraud affects society at large which not only includes shareholders, creditors, bankers but also general public. Therefore, it was important to develop a mechanism which is not only fair but can also act as a deterrent. Enactment of the Companies Act, 2013 has brought in some major changes in the Regulatory Framework of Corporate Affairs in India. An important focus of the Act has been to curb economic frauds in India. For this purpose, Chapter XIV of the Companies Act has established the Serious Fraud Investigation Office (SFIO) and has provided powers and procedures for investigation by SFIO.
Prior to statutory establishment of SFIO, the economic frauds were dealt by Police Authorities. The legislative framework and the resources available to Police Authorities were inadequate to tackle complex commercial criminal offences. Serious Fraud Investigation Office has been established with resources such as Computer Forensic and Data Mining Lab (CFDML), comprises of experts drawn from various fields and with enabling provisions in the Companies Act, they are able to effectively, quickly and comprehensively investigate and prosecute “Corporate Frauds”.
Investigations and Prosecutions by Serious Fraud Investigation Office is a major departure from the Ordinary System of Police Investigations and Criminal Trials. This book aims to discuss the salient points relating to Law and Practice of SFIO Investigations alongwith recent case law in this regard. Further, the book also aims to educate the reader about important differences and departures from traditional criminal law framework.
Mr. Arvind Kumar Gupta is a leading lawyer based in Delhi handling Corporate Litigation and Advisory work for more than 25 years. He is a Graduate in B.Com (Hons.) from Hindu College, Delhi University and has completed his law from Campus Law Centre, Delhi University.
He is the Vice President of the National Company Law Tribunal and Appellate Tribunal Bar Association and is also a Resource Person giving lectures for students and professionals at National Law University, Delhi.
For any observations and comments on the book, he can be contacted through his website www.arvindkumargupta.com or at his email arvindkumarsfiolaw@gmail.com.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
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- Year of Publication: 2021
- Edition: 1st
- ISBN: 978-93-90854-35-6
Any major corporate fraud affects society at large which not only includes shareholders, creditors, bankers but also general public. Therefore, it was important to develop a mechanism which is not only fair but can also act as a deterrent. Enactment of the Companies Act, 2013 has brought in some major changes in the Regulatory Framework of Corporate Affairs in India. An important focus of the Act has been to curb economic frauds in India. For this purpose, Chapter XIV of the Companies Act has established the Serious Fraud Investigation Office (SFIO) and has provided powers and procedures for investigation by SFIO.
Prior to statutory establishment of SFIO, the economic frauds were dealt by Police Authorities. The legislative framework and the resources available to Police Authorities were inadequate to tackle complex commercial criminal offences. Serious Fraud Investigation Office has been established with resources such as Computer Forensic and Data Mining Lab (CFDML), comprises of experts drawn from various fields and with enabling provisions in the Companies Act, they are able to effectively, quickly and comprehensively investigate and prosecute “Corporate Frauds”.
Investigations and Prosecutions by Serious Fraud Investigation Office is a major departure from the Ordinary System of Police Investigations and Criminal Trials. This book aims to discuss the salient points relating to Law and Practice of SFIO Investigations alongwith recent case law in this regard. Further, the book also aims to educate the reader about important differences and departures from traditional criminal law framework.
Mr. Arvind Kumar Gupta is a leading lawyer based in Delhi handling Corporate Litigation and Advisory work for more than 25 years. He is a Graduate in B.Com (Hons.) from Hindu College, Delhi University and has completed his law from Campus Law Centre, Delhi University.
He is the Vice President of the National Company Law Tribunal and Appellate Tribunal Bar Association and is also a Resource Person giving lectures for students and professionals at National Law University, Delhi.
For any observations and comments on the book, he can be contacted through his website www.arvindkumargupta.com or at his email arvindkumarsfiolaw@gmail.com.
Bharat is a 'trade-name' for a group of concerns, popularly known as Bharat Law House and Bharat Law House Pvt. Ltd. Bharat is one of the most reputed publishers of law books with an experience of over six decades. It possess a very diverse range of publications covering not only the area of taxation - direct and indirect - but also company law, insolvency capital market, finance, industrial law, foreign exchange, commercial, civil and criminal laws. The students publications for CA, CS, CMA, CFA, MBA, graduate and post-graduate studies have carved out a niche for themselves. The Publication House has a professionally qualified team with strong in-house capabilities. Their strength lies in the patronage of legal luminaries in every field. They strive for accuracy, authenticity and sincerity.
