Cos 214 — Security for payment of costs and expenses of investigation

Companies Act, 2013

Statutory text

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  sub-section  (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.

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