Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fbb037770d7-trace').style.display = (document.getElementById('cakeErr67fbb037770d7-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr67fbb037770d7-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fbb037770d7-code').style.display = (document.getElementById('cakeErr67fbb037770d7-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr67fbb037770d7-context').style.display = (document.getElementById('cakeErr67fbb037770d7-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr67fbb037770d7-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
</span></code></span>
<code><span style="color: #000000"><span style="color: #0000BB">&nbsp;&nbsp;&nbsp;&nbsp;</span><span style="color: #007700">&lt;</span><span style="color: #0000BB">meta&nbsp;http</span><span style="color: #007700">-</span><span style="color: #0000BB">equiv</span><span style="color: #007700">=</span><span style="color: #DD0000">"Content-Type"&nbsp;</span><span style="color: #0000BB">content</span><span style="color: #007700">=</span><span style="color: #DD0000">"text/html;&nbsp;charset=utf-8"</span><span style="color: #007700">/&gt;
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-The Financial Express
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.
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He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.
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The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
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The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
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The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.
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The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
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It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.
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The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.
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However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.
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SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&amp;quot;SFIO shall have the power to arrest in respect of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Financial Express&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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-The Financial Express
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.
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&lt;br /&gt;
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He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&amp;quot;SFIO shall have the power to arrest in respect of...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Financial Express&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&quot;SFIO shall have the power to arrest in respect of..."/>
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                <strong>Companies Bill: arrest power for SFIO</strong></h1>
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                <div style="text-align: justify">-The Financial Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&quot; Moily said at an Assocham conference here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that the government expects the Companies Bill, 2011, to &quot;modernise, reform and clean up the corporate sector&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament's nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.</div><div style="text-align: justify"><br /></div>               </font>
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-The Financial Express
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.
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The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
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The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
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The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
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It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.
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SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&amp;quot;SFIO shall have the power to arrest in respect of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Financial Express&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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-The Financial Express
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.
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He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.
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The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
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The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
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The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.
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The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
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It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.
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The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.
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However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.
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SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&amp;quot;SFIO shall have the power to arrest in respect of...&#039;
$disp = &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Financial Express&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





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                <strong>Companies Bill: arrest power for SFIO</strong></h1>
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                <div style="text-align: justify">-The Financial Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&quot; Moily said at an Assocham conference here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that the government expects the Companies Bill, 2011, to &quot;modernise, reform and clean up the corporate sector&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament's nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.</div><div style="text-align: justify"><br /></div>               </font>
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<span class="code-highlight"><code><span style="color: #000000">&nbsp;&nbsp;&nbsp;&nbsp;&lt;link&nbsp;rel="canonical"&nbsp;href="<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">Configure</span><span style="color: #007700">::</span><span style="color: #0000BB">read</span><span style="color: #007700">(</span><span style="color: #DD0000">'SITE_URL'</span><span style="color: #007700">);&nbsp;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$urlPrefix</span><span style="color: #007700">;</span><span style="color: #0000BB">?&gt;&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">category</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">slug</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>/<span style="color: #0000BB">&lt;?php&nbsp;</span><span style="color: #007700">echo&nbsp;</span><span style="color: #0000BB">$article_current</span><span style="color: #007700">-&gt;</span><span style="color: #0000BB">seo_url</span><span style="color: #007700">;&nbsp;</span><span style="color: #0000BB">?&gt;</span>.html"/&gt;
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</span></span></code></pre><pre id="cakeErr67fbb037770d7-context" class="cake-context" style="display: none;">$viewFile = &#039;/home/brlfuser/public_html/src/Template/Layout/printlayout.ctp&#039;
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-The Financial Express
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.
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He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.
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&lt;br /&gt;
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The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
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The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
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The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.
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The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
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It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.
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The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.
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However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.
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SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&amp;quot;SFIO shall have the power to arrest in respect of...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;div style=&quot;text-align: justify&quot;&gt;-The Financial Express&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.&lt;/div&gt;&lt;div style=&quot;text-align: justify&quot;&gt;&lt;br /&gt;&lt;/div&gt;&#039;,
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-The Financial Express
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&lt;br /&gt;
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&lt;br /&gt;
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&amp;quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&amp;quot; Moily said at an Assocham conference here.
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&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
He added that the government expects the Companies Bill, 2011, to &amp;quot;modernise, reform and clean up the corporate sector&amp;quot;.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament&#039;s nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.
&lt;/div&gt;
&lt;div style=&quot;text-align: justify&quot;&gt;
&lt;br /&gt;
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&amp;quot;SFIO shall have the power to arrest in respect of...&#039;
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





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                <strong>Companies Bill: arrest power for SFIO</strong></h1>
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                <div style="text-align: justify">-The Financial Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&quot; Moily said at an Assocham conference here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that the government expects the Companies Bill, 2011, to &quot;modernise, reform and clean up the corporate sector&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament's nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.</div><div style="text-align: justify"><br /></div>               </font>
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-The Financial Express
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&quot; Moily said at an Assocham conference here.
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He added that the government expects the Companies Bill, 2011, to &quot;modernise, reform and clean up the corporate sector&quot;.
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The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
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The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament's nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
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The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.
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The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
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It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.
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However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.
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SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.
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-The Financial Express
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Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.
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&quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&quot; Moily said at an Assocham conference here.
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He added that the government expects the Companies Bill, 2011, to &quot;modernise, reform and clean up the corporate sector&quot;.
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<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament's nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.
</div>
<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.
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<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
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<div style="text-align: justify">
<br />
</div>
<div style="text-align: justify">
The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.
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<br />
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-The Financial Express





Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.





&quot;SFIO shall have the power to arrest in respect of...'
$disp = '<div style="text-align: justify">-The Financial Express</div><div style="text-align: justify"><br /></div><div style="text-align: justify">Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">&quot;SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill,&quot; Moily said at an Assocham conference here.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">He added that the government expects the Companies Bill, 2011, to &quot;modernise, reform and clean up the corporate sector&quot;.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament's nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud.</div><div style="text-align: justify"><br /></div><div style="text-align: justify">SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.</div><div style="text-align: justify"><br /></div>'
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Companies Bill: arrest power for SFIO

-The Financial Express Corporate fraud investigation body SFIO will have the power to carry out arrests once the new Companies Bill is passed by Parliament, Corporate Affairs Minister Veerappa Moily said today. "SFIO shall have the power to arrest in respect of certain offences of the Bill which attract the punishment for fraud. Those offences shall be cognisable and the persons accused of any such offence shall be released on bail subject to certain conditions provided in the relevant clause in the Bill," Moily said at an Assocham conference here. He added that the government expects the Companies Bill, 2011, to "modernise, reform and clean up the corporate sector". The Serious Fraud Investigation Office (SFIO) shot into prominence after the government asked it to investigate the multi-crore rupee Satyam accounting fraud. The decision to give legal and statutory powers to the SFIO by including appropriate provisions in the new Companies Bill -- which is awaiting Parliament's nod- is in line with the recommendations of the Vepa Kamesan Committee on strengthening the SFIO. The SFIO is under the administrative control of the Corporate Affairs Ministry. The eight-member committee had suggested that the SFIO should be given exclusive jurisdiction to probe and prosecute entities involved in financial frauds, as well as probe cases related to erring entities/individuals like chartered accountants and company secretaries. The committee is of the opinion that the power of search and seizure and attachment should be entrusted to the SFIO, as available with the Income Tax authorities, Customs Department, Enforcement Directorate, etc. It has also suggested that the SFIO should be empowered to take up cases suo moto and even on source-based information if a fraud has been committed. The committee has also recommended that the SFIO should have the flexibility to outsource the services of experts like chartered accountants, legal experts, etc, and officers joining the investigating agency on deputation should be ensured protection of their existing pay and allowances. However, the minister noted that in the present day, with technology is getting more and more sophisticated, the present laws will have to get more stringent in order to be able to combat financial fraud. SFIO is investigating 12 cases at the moment, including one against erstwhile retail chain Subhiksha.