Production of documents: statutory duty to preserve and produce company records to inspectors, with examination powers and sanctions for non compliance. Section 240 requires officers, employees and agents of a company (and of other investigated bodies) to preserve and produce books and papers to an inspector or authorised person and to give reasonable assistance. An inspector, with prescribed approvals, may require other bodies corporate to furnish information or produce records, retain or copy produced materials temporarily, and examine persons on oath with notes read, signed and usable in evidence. Non compliance without reasonable cause is punishable by imprisonment and fines, including daily fines. The section defines 'officers' and 'agent' and includes past as well as present persons.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Production of documents: statutory duty to preserve and produce company records to inspectors, with examination powers and sanctions for non compliance.
Section 240 requires officers, employees and agents of a company (and of other investigated bodies) to preserve and produce books and papers to an inspector or authorised person and to give reasonable assistance. An inspector, with prescribed approvals, may require other bodies corporate to furnish information or produce records, retain or copy produced materials temporarily, and examine persons on oath with notes read, signed and usable in evidence. Non compliance without reasonable cause is punishable by imprisonment and fines, including daily fines. The section defines "officers" and "agent" and includes past as well as present persons.
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