Companies Act Does Not Stipulate Any Period For Completion Of Serious Fraud Investigation: SC [Read Judgment]

Holding that there is no stipulation of any fixed period for completion of a Serious Fraud investigation, the Supreme Court has observed that the stipulation in sub-section (3) of Section 212 of the Companies Act, 2013, in relation to the submission of the report, is not mandatory, but directory.The bench comprising Justice AM Sapre and Justice UU Lalit were dealing with an appeal filed by...