Section 288 of the Companies Act, 2013
Section 288 of the Companies Act, 2013 deals with the Power to Call for Information, Inspect Books and Conduct Inquiries by the Registrar or other authorities.
📜 Section 288 – Power to Call for Information, Inspect Books and Conduct Inquiries
✅ Key Provisions:
Authority:
The Registrar of Companies (ROC),
Any Officer authorized by the Central Government,
Or any other person authorized by the Central Government
Powers:
May call for information or inspect books, papers, and documents of any company,
May conduct inquiries for the purpose of verifying compliance with the Companies Act, 2013.
Scope:
Applies to all companies registered under the Companies Act, 2013,
Helps in ensuring that companies follow the Act's provisions,
Helps in detecting irregularities, frauds, or mismanagement.
Compliance:
Companies are mandated to provide the requested information and documents,
Failure to comply may attract penalties.
⚖️ Purpose:
To empower regulatory authorities to ensure transparency, compliance, and accountability in the functioning of companies.
RELATED Blog
0 comments