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CS Professional · Compliance Management, Audit and Due Diligence · Values, Ethics and Professional Conduct

During an inquiry into CS Vikram Sethi, the Disciplinary Committee wants an officer of a bank to attend and produce account records. What power does the Act give for this?

The Committee has the same powers as a civil court under the Code of Civil Procedure. Section 21C lets it summon and enforce attendance, examine persons on oath, require discovery and production of documents, and receive evidence on affidavit during an inquiry.

  1. AOnly the power to request voluntary cooperation
  2. BThe same powers as a civil court to summon and enforce attendance, examine on oath and compel production of documentsCorrect
  3. CPower to arrest the person for non-attendance
  4. DPower only to receive evidence on affidavit

Explanation

Section 21C gives the Disciplinary Committee, among others, civil court powers under the Code of Civil Procedure for summoning and enforcing attendance, examining on oath, discovery and production of documents, and receiving evidence on affidavit. Affidavit evidence is only one of those powers.

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