225Expenses of investigatio
(1) The expenses of, and incidental to, an investigation by an inspector appointed by the Central Government under this Chapter other than expenses of inspection under section 214 shall be defrayed in the first instance by the Central Government, but shall be reimbursed by the following persons to the extent mentioned below, namely:--
(a) any person who is convicted on a prosecution instituted, or who is ordered to pay damages or restore any property in proceedings brought, under section 224, to the extent that he may in the same proceedings be ordered to pay the said expenses as may be specified by the court convicting such person, or ordering him to pay such damages or restore such property, as the case may be;
(b) any company or body corporate in whose name proceedings are brought as aforesaid, to the extent of the amount or value of any sums or property recovered by it as a result of such proceedings;
(c) unless, as a result of the investigation, a prosecution is instituted under section 224,--
(i) any company, body corporate, managing director or manager dealt with by the report of the inspector; and
(ii) the applicants for the investigation, where the inspector was appointed under section 213,
to such extent as the Central Government may direct.
(2) Any amount for which a company or body corporate is liable under clause (b) of sub-section (1) shall be a first charge on the sums or property mentioned in that clause.
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- 206 Power to call for information, inspect books and conduct inquirie
- 207 Conduct of inspection and inquiry
- 208 Report on inspection made
- 209 Search and seizure
- 210 Investigation into affairs of company
- 211 Establishment of Serious Fraud Investigation Offic
- 212 Investigation into affairs of company by Serious Fraud Investigation Office
- 213 Investigation into company‘s affairs in other cases
- 214 Security for payment of costs and expenses of investigatio
- 215 Firm, body corporate or association not to be appointed as inspecto
- 216 Investigation of ownership of company
- 217 Procedure, powers, etc., of inspectors
- 218 Protection of employees during investigation
- 219 Power of inspector to conduct investigation into affairs of related companies, etc
- 220 Seizure of documents by inspecto
- 221 Freezing of assets of company on inquiry and investigation
- 222 Imposition of restrictions upon securities
- 223 Inspector‘s report
- 224 Actions to be taken in pursuance of inspector‘s report
- 225 Expenses of investigatio
- 226 Voluntary winding up of company, etc., not to stop investigation proceeding
- 227 Legal advisers and bankers not to disclose certain information
- 228 Investigation, etc., of foreign companies
- 229 Penalty for furnishing false statement, mutilation, destruction of document