Question

The Serious Fraud Investigation Office (SFIO):

• A. Takes up cases suo motto
• B. Takes up cases for investigation on the basis of application made by the people concerned
• C. Takes up cases for investigations referred to it by Central Government
• D. All of the above

Hint:

SFIO functions only on cases assigned by the Central Government, not independently or by public request.

Answer 1

The Correct Option is C

Step 1: Authority of SFIO.
The SFIO is a statutory corporate fraud investigation agency under the Companies Act, 2013. It does not take cases suo motto or based on individual applications.
Step 2: Mandate.
It acts only when the Central Government refers a case to it for investigation of frauds relating to companies.
Step 3: Conclusion.
Thus, option (c) is correct.