Thursday, March 28, 2019

Timeline prescribed under Cos. Act for submission of report to Govt. by SFIO is directory not mandatory: SC

CL : Prescription of period within which a report has to be submitted to Central Government under sub-section (3) of section 212 is purely directory. Even after expiry of such stipulated period, mandate in favour of Serious Fraud Investigation Officer(SFIO) and the assignment of investigation under sub-section (1) would not come to an end.

from www.taxmann.com Latest Case Laws https://ift.tt/2U1tm6a
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