TMI BlogInvestigation of ownership of company.X X X X Extracts X X X X X X X X Extracts X X X X ..... r this section, the Central Govern ment shall appoint one or more inspectors under sub-section (1), if the [2] [Tribunal], in the course of any proceedings before it, declares by an order that the affairs of the company ought to be investigated as regards the membership of the company and other matters relating to the company, for the purpose of determining the true persons (a) who are or have been financially interested in the success or failure, whether real or apparent, of the company; or (b) who are or have been able to control or materially to influence the policy of the company.] (2) When appointing an inspector under sub-section (1), the Central Government may define the scope of his investigat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... [9] [* * *] as the case may be: Provided further that the Central Government shall not be bound to furnish the company or any other person with a copy of any report by an inspector appointed under this section or with a complete copy thereof, if it is of opinion that there is good reason for not divulging the contents of the report or of parts thereof; but in such a case, the Central Government shall cause to be kept by the Registrar a copy of any such report, or as the case may be, of the parts thereof, as respects which it is not of that opinion. (6) The expenses of any investigation under this section shall be defrayed by the Central Government out of moneys provided by Parliament, unless the Central Government directs that the e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt forming part of, the remuneration of such managing agent or secretaries and treasures ]. [4] Words or of any managing agent, secretaries and treasures, or corporate, or associate Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [5] Words or of any managing agent, secretaries and treasures, or corporate, or associate Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [6] Words or of any managing agent, secretaries and treasures, or corporate, or associate Omitted by the Companies (Amendment) Act, 2000, w.e.f. 13-12-2000. [7] Substituted by the Companies (Amendment) Act 1960, Act 65 of 1960, section 79, for "officers and agents". [8] Word or should be inserted after the wo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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