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

 
Section 198. As to reports of inspectors.
 
Section 198. As to reports of inspectors. (COMPANIES ACT 1965 (REVISED - 1973) - ACT 125) (1) An inspector appointed by the Minister may, and if so directed by the Minister shall, make interim reports to the Minister and on the conclusion of the investigation the inspector shall report his opinion on or in relation to the affairs that he has been appointed to investigate together with the facts upon which his opinion is based to the Minister, and a copy of the report shall be forwarded by the Minister to the registered office of the company, and a further copy shall at the request of the applicants be delivered to them.

(2) The Minister may if he is of the opinion that it is necessary in the public interest so to do cause the report to be printed and published.

(3) If from any report of an inspector appointed by the Minister it appears to the Minister that the case is one in which a prosecution ought to be instituted he shall cause a prosecution to be instituted accordingly and all officers and agents of the company (other than the defendant in the proceedings) shall on being required by the Minister so to do give all assistance in connection with the prosecution which they are reasonably able to give.

(4) If from any report of an inspector appointed by the Minister it appears to the Minister that proceedings ought in the public interest to be brought by any company dealt with by the report for the recovery of damages in respect of any fraud, misfeasance or other misconduct in connection with the promotion or formation of that company or in the management of its affairs or for the recovery of any property of the company which has been misapplied or wrongfully retained, he may himself bring proceedings for that purpose in the name of the company.