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.