ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART IX - INVESTIGATIONS

 
Section 195. Power to declare company or foreign company.
 
Section 195. Power to declare company or foreign company. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) The Minister may by order declare that a company or foreign company is a company to which this Part applies if he is satisfied—

    (a) that a prima facie case has been established that, for the protection of the public, the holders of interests to which Division 5 of Part IV applies or the shareholders or creditors of the company or foreign company, it is desirable that the affairs of the company or foreign company should be investigated under this Part;

    (b) that it is in the public interest that allegations of fraud, misfeasance or other misconduct by persons who are or have been concerned with the formation or management of the company or foreign company should be investigated under this Part;

    (c) that for any other reason it is in the public interest that the affairs of the company or foreign company should be investigated under this Part; or

    (d) in the case of a foreign company, that the appropriate authority of another country has requested that a declaration be made pursuant to this section in respect of the company.