Question:
The Serious Fraud Investigation Office (SFIO):
The Serious Fraud Investigation Office (SFIO):
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SFIO functions only on cases assigned by the Central Government, not independently or by public request.
Updated On: Nov 18, 2025
- Takes up cases suo motto
- Takes up cases for investigation on the basis of application made by the people concerned
- Takes up cases for investigations referred to it by Central Government
- All of the above
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The Correct Option is C
Solution and Explanation
Step 1: Authority of SFIO.
The SFIO is a statutory corporate fraud investigation agency under the Companies Act, 2013. It does not take cases suo motto or based on individual applications.
Step 2: Mandate.
It acts only when the Central Government refers a case to it for investigation of frauds relating to companies.
Step 3: Conclusion.
Thus, option (c) is correct.
The SFIO is a statutory corporate fraud investigation agency under the Companies Act, 2013. It does not take cases suo motto or based on individual applications.
Step 2: Mandate.
It acts only when the Central Government refers a case to it for investigation of frauds relating to companies.
Step 3: Conclusion.
Thus, option (c) is correct.
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