(
1984 Ed.]
Companies
[CAP. 32
145
(2) The power of the Financial Secretary under subsection (1)(c) shall be exercisable with respect to a body corporate notwithstanding that it is in the course of being voluntarily wound up. (Added, 6 of 1984, s. 98)
144. If an inspector appointed under section 142 or 143 to investigate the affairs of a company thinks it necessary for the purposes of his investigation to investigate also the affairs of any other body corporate that is or has at any relevant time been—
(a) a subsidiary or a holding company of the company,
(b) a subsidiary of its holding company,
(c) a holding company of its subsidiary, or
(d) substantially under the control of the same person as the first-mentioned company,
he shall have power so to do, and shall report on the affairs of the other body corporate so far as he thinks the results of his investigation thereof are relevant to the investigation of the affairs of the first-mentioned company. (Added, 4 of 1963, s. 8)
145. (1) It shall be the duty of all officers and agents of the company and of all officers and agents of any other body corporate whose affairs are investigated by virtue of section 144 to produce to the inspector all books and documents of or relating to the company or, as the case may be, the other body corporate that are in their custody or power, to attend before the inspector when required so to do and otherwise to give to the inspector all assistance in connection with the investigation that they are reasonably able to give. (Amended, 6 of 1984, s. 99)
(2) An inspector may examine on oath the officers and agents and any employee of the company or other body corporate in relation to its business, and may administer an oath accordingly. (Amended, 6 of 1984, s. 99)
(3) If any officer or agent of the company or other body corporate refuses to produce to the inspector any book or document which it is his duty under this section so to produce, refuses to attend before the inspector when required so to do, or refuses to answer any question that is put to him by the inspector with respect to the affairs of the company or other body corporate, as the case may be, the inspector may certify the fact under his hand to the court, and the court may thereupon inquire into the case, and, after hearing any witnesses who may be produced against or on behalf of the alleged offender and after hearing any statement that may be offered in defence, punish the offender in like manner as if he had been guilty of contempt of the court. (Amended, 6 of 1984, s. 99)
(3A) A person is not excused from answering a question put to him under this section by an inspector on the ground that the answer
Power of an inspector to investigate affairs of related company. 1948 c. 38, s. 166.
Production of documents, and evidence, on investigation. 1948 c. 38, s. 167.
Page 35
Page 36
(
1984 Ed.]
Companies
[CAP. 32
145
(2) The power of the Financial Secretary under subsection (1)(c) shall be exercisable with respect to a body corporate notwith- standing that it is in course of being voluntarily wound up. Added, 6 of 1984, s. 98 )
144. If an inspector appointed under section 142 or 143 to investigate the affairs of a company thinks it necessary for the purposes of his investigation to investigate also the affairs of any other body corporate that is or has at any relevant time been----
(a) a subsidiary or a holding company of the company,
(b) a subsidiary of its holding company,
(c) a holding company of its subsidiary, or
(d) substantially under the control of the same person as the
first-mentioned company.
he shall have power so to do, and shall report on the affairs of the other body corporate so far as he thinks the results of his investiga- tion thereof are relevant to the investigation of the affairs of the first-mentioned company.
( Added, 4 of 1963, s. 8)
145. (1) It shall be the duty of all officers and agents of the company and of all officers and agents of any other body corporate whose affairs are investigated by virtue of section 144 to produce to the inspector all books and documents of or relating to the company or, as the case may be, the other body corporate that are in their custody or power, to attend before the inspector when required so to do and otherwise to give to the inspector all assistance in connexion with the investigation that they are reasonably able to give. (Amended, 6 of 1984, s. 99)
(2) An inspector may examine on oath the officers and agents and any employee of the company or other body corporate in relating to its business, and may administer an oath accordingly. (Amended, 6 of 1984, s. 99)
(3) If any officer or agent of the company or other body corporate refuses to produce to the inspector any book or document which it is his duty under this section so to produce, refuses to attend before the inspector when required so to do, or refuses to answer any question that is put to him by the inspector with respect to the affairs of the company or other body corporate, as the case may be, the inspector may certify the fact under his hand to the court, and the court may thereupon inquire into the case, and, after hearing any witnesses who may be produced against or on behalf of the alleged offender and after hearing any statement that may be offered in defence, punish the offender in like manner as if he had been guilty of contempt of the court. (Amended, 6 of 1984, s. 99)
(3A) A person is not excused from answering a question put to him under this section by an inspector on the ground that the answer
Power of an inspector to investigate affairs of related
company. 1948 c. 38, s. 166.
Production of documents, and evidence, on investigation. 1948 c. 38, s. 167.
Page 35Page 36
No comments yet.
Private notes are available after approval.