Companies Inspection Investigation Inquiryact 2013

Companies( inspection ,investigation, inquiry) Act 2013

Chapter XIV (Sections 206 to 229 ) of the Companies Act, 2013 deals with the provisions related to inspection, investigation and inquiry. The Companies (Inspection, Investigation and Inquiry) Rules, 2014 published vide G.S.R. 247(E), dated 31-03-2014.

Read with section 210 “Investigation into affairs of company”, section 211 “Establishment of Serious Fraud Investigation Office”, section 214 “Security for payment of costs and expenses of investigation” and section 217 “Procedure, powers, etc., of inspectors”.

Companies rule 2014 comprises of namely 5 rules:

Rule 1 Short title and commencement

Rule 2 Definations

Rule 3 Appointment of person having expertise in various fields

Rule 4 Terms and conditions of service

Rule 5 Security

Rule 6 Letter of request as per sec 217

In exercise of the powers conferred under sub-section (2) of Section 211, sub-section (5) of Section 211, Section 214, sub-section (3) of Section 210, and sub-section (11) of Section 217, read with sub-sections (1) and (2) of Section 469 of the Companies Act, 2013 (18 of 2013) and in supersession of the Companies (Central Government’s) General Rules and Forms, 1956 or any other relevant rules prescribed under the Companies Act, 1956 (1 of 1956) on matters covered under these rules, except as respects things done or omitted to be done before such supersession, the Central Government hereby makes the following rules, namely: —

Rule-1: Short title and commencement

Rule-1(1): These rules may be called the Companies (Inspection, Investigation and Inquiry) Rules, 2014.

Rule-1(2): They shall come into force on the 1st day of April, 2014.