Investigation of Corporate Frauds

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..... Investigation of Corporate Frauds - News and Press Release Dated:- 2-12-2014 - News - There is already a separate agency, the Serious Fraud Investigation Office (SFIO) to investigate corporate frauds. It was set up through a Resolution dated 02.07.2003 to investigate corporate frauds of serious and complex nature. The number of Companies investigated by SFIO during the last three years and c .....

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..... urrent year: Year No. of Companies 2011-12 20 2012-13 22 2013-14 22 2014-2015 (Till 15.11.2014) 17 Prosecutions are in progress in the appropriate Courts of Low. Government has .....

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..... taken a number of measures to curb and prevent corporate frauds, including; Fraud as a substantive offence has been introduced in the Companies Act, 2013 , Statutory status to the Serious Fraud Investigation Office has been granted under the said Act, Stricter norms of Corporate Governance and their implementation under the Companies Act, 2013 , Increasing application of technology for early d .....

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..... etection of frauds through data analysis, surveillance and usage of forensic tools, etc. This was stated by Shri Arun Jaitley, Minister of Corporate Affair in written reply to a question in the Rajya Sabha today. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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