Question

Consider the following statements with reference to the Serious Fraud Investigation Office (SFIO):

A. Establishment under a separate Act of the Parliament.
B. Works under the Ministry of Finance under the Government of India.
C. It investigates the matters on the request of any department of the Central Government and State Government.
D. The headquarters of SFIO is in New Delhi with five regional offices.

Choose the correct answer from the options given below:

1. Only one is correct
2. Only two are correct
3. Only three are correct
4. All are correct

Answer:
3. Only three are correct

Explanation:

• Statement A: Incorrect. The SFIO was established under the Companies Act, 2013, and not through a separate Act of Parliament.
• Statement B: Incorrect. SFIO works under the Ministry of Corporate Affairs, not the Ministry of Finance.
• Statement C: Correct. SFIO investigates matters of fraud based on referrals from the Central Government or related departments.
• Statement D: Correct. The SFIO is headquartered in New Delhi and operates through five regional offices.

Source Links:

• Ministry of Corporate Affairs - SFIO Overview
• Companies Act, 2013 - SFIO Provisions