Complaints Received by the Serious Fraud Investigation Office and the Registrar of Companies
The Minister for Corporate Affairs has informed the Lok Sabha that the Registrars of Companies (RoC) received complaints against various companies from stakeholders, such as shareholders, creditors, financiers, other Government Departments, members of pubic etc. Giving this information in written reply to a question in the Lok Sabha, the Minister for Corporate Affairs, Shri Salman Khurshid said that the allegations pertaining to Company Law violations are looked into by Registrars of Companies and other matters outside the domain of this Ministry are looked into by concerned agencies like, Ministry of Finance, Reserve Bank of India, Securities and Exchange Board of India, Deptt. of Telecommunication, Enforcement Directorate, Central Bureau of Investigation etc. for necessary action. In case of allegations including financial implications, scrutiny is taken up by the ROCs under Section 234 of the Companies Act, 1956 for logical conclusions and the ROCs initiate necessary legal actions/prosecutions against the errant companies. In cases, where wider public interest and serious allegations such as non-payment of fixed deposits/interest on deposits and debentures, non-redemption of debentures/bonds, diversion of funds, manipulation/fudging of accounts, mismanagement etc. are involved, inspections under Section 209A or investigations under Section 235/237 are carried out and thereafter, prosecutions for violations of provisions of Companies Act, 1956, Indian Penal Code, 1860 etc. noticed during such inspections and investigations are filed.
Shri Khurshid informed the House that during the last three complete years and current year, 46 cases have been referred to SFIO for investigation including one private telecom company.