Section 211 Companies Act 2013 establishes the SERIOUS FRAUD INVESTIGATION OFFICE (SFIO). SFIO investigates fraud in companies on a reference from:

1. Section 211 Companies Act 2013 establishes the SFIO; Section 212 prescribes investigation by SFIO. 2. Section 212(1): where the Central Government is of the opinion that it is necessary to investigate the affairs of a company by the SFIO — (a) on receipt of a report of the Registrar or Inspector under Section 208; (b) on intimation of a SPECIAL RESOLUTION passed by a company that its affairs are required to be investigated; (c) in the public interest; (d) on request from any Department of the Central Government or a State Government, the Central Government may, by order, assign the investigation into the affairs of the said company to the SFIO. 2. SFIO has wide powers (arrest power for Section 447 fraud added by 2017 amendment, Sec 212(8)-(11)). 3. Hence option B is correct. _Source: Companies Act 2013 (Act 18 of 2013), Govt. of India MCA — Companies Act 2013, Section 212_