Inspection can be extended to documents in connection with appointment of former managing agents

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..... fect from 3‑4‑1970. It has been noticed that after the abolition, the former managing agents have been getting remuneration from the companies previously managed by them in one form or other by getting themselves appointed as technical consultants, advisers, etc., and also for performing a host of other services like management, economic, financial, statistical and marketing services. .....

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..... inspection of the books of account of the company under section 209A, either by the Registrar of Companies or by the officers of the Inspection Wing, a detailed examination of the relevant documents and other materials connected with the appointment of the former managing agents should be made to see that the company really needed such technical services and such services have in fact been perform .....

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