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The Companies Act, 2013

Chapter XIV - Inspection, Inquiry And Investigation (206-229)

Section 214- Security for payment of costs and expenses of investigation.

 [Notification Date: 26.03.2014; Effective from: 01.04.2014]

Section 214- Security for payment of costs and expenses of investigation.  [Corresponds to Section 236, 245 of the Companies Act, 1956]; [Relevant Rule: 5 of The Companies (Inspection, Investigation and Inquiry) Rules, 2014]

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.