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    Question

    SFIO under the Companies Act stands

    for_______________________
    A Serious Fraud Investigation Office Correct Answer Incorrect Answer
    B Serious Fraud Investigation Officer Correct Answer Incorrect Answer
    C Serious Fraud Invigilation Office Correct Answer Incorrect Answer
    D Serious Fraud Inquiry Officer Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Serious Fraud Investigation Office, Explanation: The Serious Fraud Investigation Office is an Indian statutory corporate fraud investigation authority which was established by a resolution passed by the Government of India to conducted investigations within the existing legal framework under the Companies Act, 1956 and later the Companies Act, 2013. The SFIO principally engages in investigating severe, sophisticated frauds committed by persons and/or entities. It is a regulatory agency particularly tasked with resolving and prosecuting white-collar crimes.

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