Section 206
Power to call for information, inspect books and conduct inquiries.
206. Power to call for information, inspect books and conduct inquiries.
Conduct of inspection and inquiry.
Report on inspection made.
Search and seizure.
Investigation into affairs of company.
Establishment of Serious Fraud Investigation Office.
Investigation into affairs of company by Serious Fraud Investigation Office.
Investigation into company’s affairs in other cases.
Security for payment of costs and expenses of investigation.
Firm, body corporate or association not to be appointed as inspector.
Investigation of ownership of company.
Procedure, powers, etc., of inspectors.
Protection of employees during investigation.
Power of inspector to conduct investigation into affairs of related companies, etc.
Seizure of documents by inspector.
Freezing of assets of company on inquiry and investigation.
Imposition of restrictions upon securities.
Inspector’s report.
Actions to be taken in pursuance of inspector’s report.
Expenses of investigation.
Voluntary winding up of company, etc., not to stop investigation proceedings.
Legal advisers and bankers not to disclose certain information.
Investigation, etc., of foreign companies.
Penalty for furnishing false statement, mutilation, destruction of documents.
CHAPTER XV
COMPROMISES, ARRANGEMENTS AND AMALGAMATIONS
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