Section 345 of the Companies Act, 2013
Section 345 of the Companies Act, 2013 pertains to:
"Power of Central Government to appoint Company Prosecutors."
However, it's important to clarify that Section 345 of the Companies Act, 2013 has not yet been notified, meaning it is not currently in force.
📘 Section 345 – Summary (As per Bare Act)
Section 345 empowers the Central Government to appoint company prosecutors to conduct prosecutions under the Companies Act in any court.
Key Points:
The Central Government may appoint a Company Prosecutor for any case.
A Company Prosecutor shall be deemed to be a public prosecutor under the Code of Criminal Procedure, 1973.
The purpose is to assist in speedy and specialized prosecution of offences under the Act.
🛑 Current Status:
As of now, this section has not been brought into force, so its provisions are not applicable until notified by the government.
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