Towards Ethical Corporates: The Convergence of SFIO Action and Company Secretarial Oversight
This paper explores the statutory and operational framework of the Serious Fraud Investigation Office (SFIO) under the Companies Act, 2013, and critically analyses the expanding role of Company Secretaries (CS) in corporate fraud prevention, compliance, and investigation. As key governance professionals, CSs are not only responsible for regulatory adherence but also act as ethical stewards within their organizations. Through legal provisions, case law, and practical scenarios, the article evaluates the intersection of enforcement via SFIO and internal compliance led by CSs, offering recommendations to enhance the synergy between corporate governance and fraud investigation mechanisms.