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Section 214: Security for payment of costs and expenses of investigation

The Companies Act, 2013Central Act · Act 18 of 2013

Where an investigation is ordered by the Central Government in pursuance of clause (b) of sub-section (1) of section 210, or in pursuance of an order made by the Tribunal under section 213, the Central Government may before appointing an inspector under subsection (3) of section 210 or clause (b) of section 213, require the applicant to give such security not exceeding twenty-five thousand rupees as may be prescribed, as it may think fit, for payment of the costs and expenses of the investigation and such security shall be refunded to the applicant if the investigation results in prosecution.

Where this provision sits

ActThe Companies Act, 2013
Section214
Marginal noteSecurity for payment of costs and expenses of investigation
JurisdictionCentral
StatusIn force as published by the source
Judgments citing it1

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