On 18th October 2024, through Notification No. S.O. 4629(E), the Ministry of Corporate Affairs, Government of India, announced the appointment of Shri Samir Ashwin Vakil as the Director of the Serious Fraud Investigation Office ( SFIO ).
Samir Ashwin Vakil’s tenure officially commenced on 22nd August 2024 and is scheduled to continue for five years, ending on 21st August 2029, unless amended by further government directives.
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Samir Ashwin Vakil is a 1998-batch officer of the Indian Revenue Service (Income Tax). His professional background is rooted in financial oversight, tax administration, and regulatory compliance.
He has now been appointed as the Director of the Serious Fraud Investigation Office (SFIO) which is a premier multidisciplinary organization under the Ministry of Corporate Affairs, in India. It was established on 2nd July 2003 and given statutory status under the Companies Act, 2013.
As a director of the Serious Fraud Investigation Office (SFIO), he is supported by Additional Directors, Joint Directors, and a network of specialized units, including forensic analysts, financial experts, and legal advisors. The main office is located in New Delhi, with regional offices in major cities like Mumbai, Chennai, Hyderabad, and Kolkata.
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The SFIO conducts in-depth investigations into corporate frauds based on reports from government agencies, special resolutions by companies, public interest concerns, or requests from other governmental bodies.
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