Chapter: 32 COMPANIES ORDINANCE
Section Num: 152 Version Date 30/06/1997
Power of company to appoint inspector
(1) A company may, by special resolution, appoint an inspector to investigate its affairs.
(2) It shall be the duty of all officers and agents of the company to produce to the inspector all books and documents in their custody or power.
(3) An inspector may examine on oath the officers and agents of the company in relation to its business, and may administer an oath accordingly.
(4) If any officer or agent of the company 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, 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. 106)
(5) On the conclusion of the investigation the inspector shall report his opinion in such manner and to such persons as the company in general meeting may direct.
(6) A copy of the report of an inspector appointed under this section, signed by the inspector and sealed with the seal of the company to which the report relates, shall be admissible in any legal proceedings as evidence of the opinion of the inspector in relation to any matter contained in the report.
(Added 4 of 1963 s. 8)