5 Security

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.