Holding Pvt Ltd to Serious Fraud Investigation
Office (SFIO). As per the final report submitted by SFIO it was revealed that
Jain Brothers were found ... behind operations involving 49 shell companies
whose business were financing industrial enterprises. SFIO in its report
running more than 7000 pages also found that these
interim
and/or final investigation reports of the Serious Fraud
Investigation Office (SFIO), as and when the same are submitted
by the concerned inspectors ... appears that the Central Government has already ordered SFIO to
investigate under Section 212 read with Section 216 of the Companies Act,
2013. The promoters
allegations made against the Appellant
in the 2nd Interim Report of SFIO nor any final reliefs were claimed in the
Company Petition against the Appellant ... vague allegations were alleged on him by 2nd SFIO Report.
Company Appeal (AT) No. 285 of 2019
55. The Appellant- 'Mrs. Renu Challu
submission filed by the assessee and after making independent
enquiries from SFIO and the lender company M/s Hallow Securities ... proceedings of any kind are
pending against the lender company before the SFIO. Thus, the
allegation of the AO that the lender company was declared
Companies Act, 2013 directed the Serious Fraud Investigation
Office (SFIO) to investigate the affairs of the IL&FS and its subsidiaries. A
Company Petition ... existing director of the ILFS with new Board of
Directors. On 30.11.2018, SFIO submitted its 1st Interim Report. On
28.05.2019, SFIO submitted its 2nd Investigation
Companies Act, 2013 directed the Serious Fraud Investigation
Office (SFIO) to investigate the affairs of the IL&FS and its subsidiaries. A
Company Petition ... existing director of the ILFS with new Board of
Directors. On 30.11.2018, SFIO submitted its 1st Interim Report. On
28.05.2019, SFIO submitted its 2nd Investigation
Companies Act, 2013 directed the Serious Fraud Investigation
Office (SFIO) to investigate the affairs of the IL&FS and its subsidiaries. A
Company Petition ... existing director of the ILFS with new Board of
Directors. On 30.11.2018, SFIO submitted its 1st Interim Report. On
28.05.2019, SFIO submitted its 2nd Investigation
based on a preliminary report of the Serious Fraud
Investigation Office (SFIO) of the Govt. of India; erred in holding that the order
passed ... thereto.
3. The Learned CIT, based on a preliminary SFIO report; erred in holding that
the order passed by the A.O., was erroneous
Ministry of Corporate Affairs (MCA) directed
Serious Fraud Investigation Office (SFIO) to carry investigation of
IL&FS and its subsidiaries. MCA, Union of India ... Company Petition No.3638 of 2018.
2.3. SFIO submitted the investigation reports. On the basis of IL&FS
Financial Services Ltd. (IFIN) investigation report
page 67 of the order has referred certain enquiries from
SFIO which are separate and independent enquiries and based on the same addition
should ... appreciated these facts and further
by making independent enquiries from the SFIO reached to the conclusion that loan
taken by the assessee was genuine
