VIEWS: 10 PAGES: 1 POSTED ON: 5/19/2010
INVESTIGATIONS TYPES : 1) INVESTIGATION OF COMPANIES AFFAIRS : On Registrars report CG can appoint inspectors to report or on members application - by 200 members or members holding 1/10th of voting rights in a Co. with share capital and 1/5th of members in a Co. without share capital. Reasons: Affairs ought to be investigated, unsatisfactory state of affairs. Investigation in other cases: Company may request by special resolution or on the order of the Court. In case of fraud oppression or illegality etc. The inspectors so appointed can examine the officers, books of accounts, require any body corporate to give information etc.. 2) INVESTIGATION OF OWNERSHIP: To identify beneficial owner of the shares of a Co. concealed by vested interest. 3) INVESTIGATION OF SHARES AND DEBENTURE DEALINGS: To find out relevant facts – change in the composition of Board of directors, transfer of shares prejudicial to public interest.
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