2136
No. 58 of 1911.
Powers of company to appoint inspectors. 8 Edw. 7 c. 69 s. 110.
Report of COMPANIES.
(4) An inspector may examine on oath the officers and agents of the company in relation to its business, and may administer an oath accordingly.
(5) If any officer or agent refuses to produce any book or document which under this section it is his duty to produce, or to answer any question relating to the affairs of the company, he shall be liable to a fine not exceeding 50 dollars in respect of each offence.
(6) On the conclusion of the investigation the inspectors shall report their opinion to the Court, and a copy of the report shall be forwarded by the Registrar of the Court to the registered office of the company and a further copy shall, at the request of the applicants for the investigation, be delivered to them.
The report shall be written or printed, as the Court may direct.
(7) All expenses of and incidental to the investigation shall be defrayed by the applicants, unless the Court directs the same to be paid by the company, which the Court is hereby authorised to do.
111. (1) A company may by special resolution appoint inspectors to investigate its affairs.
(2) Inspectors so appointed shall have the same powers and duties as inspectors appointed by the Court, except that, instead of reporting to the Court, they shall report in such manner and to such persons as the company in general meeting may direct.
(3) Officers and agents of the company shall incur the like penalties in case of refusal to produce any book or document required to be produced to inspectors so appointed, or to answer any question, as they would have incurred if the inspectors had been appointed by the Court.
112. A copy of the report of any inspectors appointed under this Ordinance, authenticated by the seal of the company whose affairs they have investigated, shall be admissible in any legal proceeding as evidence of the opinion of the inspectors in relation to any matter contained in the report.
113. (1) Every company shall at each annual general meeting appoint an auditor or auditors to hold office until the next annual general meeting.
Remuneration of auditors. ib. s. 112.
*
* As amended by No. 43 of 1912 and No. 43 of 1912 Supp. Sched.
2136
No. 58 of 1911.
Powers of
company to appoint inspectors. 8 Edw. 7
c. 69 s. 110.
Report of
COMPANIES.
(4) An inspector may examine on oath the officers and agents of the company in relation to its business, and may administer an oath accordingly.
(5) If any officer or agent refuses to produce any book or docu- ment which under this section it is his duty to produce, or to answer any question relating to the affairs of the company, he shall be liable to a fine not exceeding 50 dollars in respect of each offence.
(6) On the conclusion of the investigation the inspectors shall report their opinion to the Court, and a copy of the report shall be forwarded by the Registrar of the Court to the registered office of the company and a further copy shall, at the request of the appli- cants for the investigation, be delivered to them.
The report shall be written or printed, as the Court may direct. (7) All expenses of and incidental to the investigation shall be defrayed by the applicants, unless the Court direct the same to be paid by the company, which the Court is hereby authorised to do.
111. (1) A company may by special resolution appoint inspectors to investigate its affairs.
(2) Inspectors so appointed shall have the same powers and duties as inspectors appointed by the Court, except that, instead of report- ing to the Court, they shall report in such manner and to such per- sons as the company in general meeting may direct.
(3) Officers and agents of the company shall incur the like penalties in case of refusal to produce any book or document required to be produced to inspectors so appointed, or to answer any ques- tion, as they would have incurred if the inspectors had been appoint- ed by the Court.
112. A copy of the report of any inspectors appointed under this inspectors to Ordinance, authenticated by the seal of the company whose affairs
be evidence.
ib. s. 111.
Appoint.
ment and
they have investigated, shall be admissible in any legal proceeding as evidence of the opinion of the inspectors in relation to any matter contained in the report.
113. (1) Every company shall at each annual general meeting remuneration appoint an auditor or auditors to hold office until the next annual
general meeting.
of auditors.
ib. s. 112.
*
* As amended by No. 43 of 1912 and No. 43 of 1912 Supp. Sched.
|
No comments yet.
Private notes are available after approval.