Investigation into company affairs can be ordered where circumstances suggest fraud, misconduct, oppressive conduct, or withheld information. Section 213 authorises the Tribunal to direct a Central Government-appointed inspection into a company's affairs on application by qualifying members or others when evidence or circumstances indicate fraud, unlawful purpose, oppressive conduct, managerial fraud, misfeasance, or denial of material information to members; the Tribunal must afford a reasonable opportunity to be heard. The Central Government shall appoint inspectors to investigate and report, and if fraud is proved the officer(s) in default and persons responsible for formation or management are punishable under section 447.