Section 317 of the Companies Act, 2013
Section 317 of the Companies Act, 2013 relates to the powers of inspectors appointed under the Act to investigate the affairs of a company.
📜 Section 317 – Powers of Inspectors
✅ Key Provisions:
General Powers:
Inspectors appointed by the Central Government under Section 210 or Section 302 have broad powers to conduct investigations into the company’s affairs.
Specific Powers Include:
Access to books, accounts, documents, and records of the company,
Summon and examine officers, employees, agents, or other persons associated with the company,
Require production of cash, stock, goods, or property related to the company,
Seize any documents or property relevant to the investigation,
Require assistance from company officials or any other person.
Compliance:
All persons are required to comply with the inspector’s requests and summons,
Failure to comply may result in penalties under the Act.
Limitations:
Inspectors must conduct the investigation within the scope specified by the Central Government,
Must act fairly and follow due process.
⚖️ Purpose:
To empower inspectors to thoroughly investigate company affairs, detect irregularities or fraud, and ensure accountability.
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