BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1st October 2003
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1st October 2004
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1st October 2007
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1st October 2012
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Detailed explanation-1: -Section 211 of Companies Act, 2013 provides for the establishment of Serious Fraud Investigation Office (’SFIO’ for short) by the Central Government by Notification to investigate fraud relating to a company.
Detailed explanation-2: -Serious Fraud Investigation Office (SFIO) is a fraud-investigating agency set up to investigate corporate frauds of very serious and complex nature. The authorisation of SFIO is limited to investigating frauds related to a company under the Companies Act.
Detailed explanation-3: -The SFIO is a fraud investigation agency established under the Companies Act of 2013 which has the principal occupation of investigating severe, sophisticated frauds committed by persons and/or entities. It is a regulatory agency particularly tasked with resolving and prosecuting white-collar crimes.