What is Security for payment of costs and expenses of investigation Firm, body corporate or association not to be appointed as inspector Section 214 and 215 of Indian Companies Act 2013

Security for payment of costs and expenses of investigation and Firm body corporate or association not to be appointed as inspector are defined under Section 214 and 215 of Indian Companies Act 2013. Provisions under these Sections are:

 

Section 214 of Indian Companies Act 2013 "Security for payment of costs and expenses of investigation"


 

Where an investigation is ordered by the Central Government in pursuance of clause (b) of sub-section (1) of section 210, or in pursuance of an order made by the Tribunal under section 213, the Central Government may before appointing an inspector under subsection (3) of section 210 or clause (b) of section 213, require the applicant to give such security not exceeding twenty-five thousand rupees as may be prescribed, as it may think fit, for payment of the costs and expenses of the investigation and such security shall be refunded to the applicant if the investigation results in prosecution.

 

Section 215 of Indian Companies Act 2013 "Firm, body corporate or association not to be appointed as inspector"

No firm, body corporate or other association shall be appointed as an inspector.

Home     About Us     Privacy Policy     Disclaimer     Sitemap