5 Security.
(1) The Central Government may before appointing an inspector under sub-section (3) of section 210, require the applicant to give a security not exceeding twenty-five thousand rupees for payment of the costs and expenses of investigation as per the criteria given below-
Sr No. |
Turnover as per previous year balance sheet (Rs.) |
Amount of security (Rs.)
|
1 |
Turnover upto Rs. 50 crore |
Rs. 10000 |
2 |
Turnover more than Rs. 50 crore and upto 200 crore |
Rs. 15000 |
3 |
Turnover more than Rs. 200 crore |
Rs. 25000 |
(2) The security shall be refunded to the applicant if the investigation results in prosecution. |