What does SFIO stand for in the Companies Act, 2013?
Question and options
What does SFIO stand for in the Companies Act, 2013?
Securities Fraud and Insolvency Office
Serious Fraud Institution Office
Serious Fraud Investigation Office
Serious Fraud Investigating Organisation
Answer and explanation
Correct answer: C - Serious Fraud Investigation Office
Section 211 of the Companies Act, 2013 provides for the Central Government to establish the Serious Fraud Investigation Office to investigate frauds relating to companies. Investigation is assigned to it under section 212.
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