Chapter: 32 COMPANIES ORDINANCE
Section Num: 152FA Version Date 15/07/2005
Order for inspection
Inspection of Specified Corporations
Records by Members
(1) Subject to sections 152FD and 152FE, on application by such number of members of a specified corporation as is specified in subsection
(2) (in this section referred to as applicant), the court may make an
order
(a) authorizing the applicant or any one or more of such members applying as applicant to inspect any records of the specified corporation; or
(b) authorizing a person (whether or not a member of the specified corporation) other than the applicant to inspect any such records on behalf of the applicant.
(2) For the purposes of subsection (1), an application may be made by
(a) any number of members representing not less than one-fortieth of the total voting rights of all members having at the date of the application a right to vote at a general meeting of the specified corporation;
(b) any number of members holding shares in the specified corporation on which there has been paid up an aggregate sum of not less than $100000; or
(c) not less than 5 members.
(3) The court may only make an order under subsection (1) if it is satisfied that
(a) the application is made in good faith; and
(b) the inspection applied for is for a proper purpose.
(4) Any person who is authorized by the court to inspect the records of a specified corporation may make copies of the records unless the court orders otherwise.
(5) A person who complies with an order made under this section or section 152FB to produce records for inspection shall not be liable for any civil liability or claim whatever to any person by reason only of that compliance.
(Added 30 of 2004 s. 2)