#MCA issues Arrests in connection with Investigation by serious Fraud Investigation Office Rules.


In exercise of the powers conferred under sub-section (1) of section 469 read with section 212 of the companies Act, 2013 (18 of 2013), the central Government issued companies (Arrests in connection with Investigation by serious Fraud Investigation Office) Rules, 2017.

The rule authorizes the Director, Additional Director or Assistant Director of Serious Fraud Investigation Officer (SFIO) investigating into the affairs of a company other than a Government Company or foreign company to arrest any person who has been guilty of any offence under Section 212 of the Act.

The Rule further provides that the provisions of the code of criminal Procedure, 1973(2 of 1974), relating to arrest shall be applied mutatis mutandis to every arrest made under this Act.

Copy of Rule can be accessed from following link:
http://mca.gov.in/Ministry/pdf/companiesArrestsconnectionSFIORule_25082017.pdf



Note: Rule will be effective from the date of publication in the official gazette. However, gazetted copy of the same is not yet available on MCA website.

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