Investigation of company ownership empowers inspectors to identify true controllers and financially interested persons. The Central Government may appoint inspectors to investigate and report on the true persons financially interested in, or able to control or materially influence, a company's policy; it may define the scope and period of such inquiries, extend powers to examine practical arrangements or understandings relevant to those purposes, apply related procedural investigative provisions to relevant persons, withhold report copies for good reason while depositing withheld parts with the Registrar, and defray expenses from parliamentary funds unless otherwise directed.
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.
Investigation of company ownership empowers inspectors to identify true controllers and financially interested persons.
The Central Government may appoint inspectors to investigate and report on the true persons financially interested in, or able to control or materially influence, a company's policy; it may define the scope and period of such inquiries, extend powers to examine practical arrangements or understandings relevant to those purposes, apply related procedural investigative provisions to relevant persons, withhold report copies for good reason while depositing withheld parts with the Registrar, and defray expenses from parliamentary funds unless otherwise directed.
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