Skip to content
In force2022 Revised Edition
Contents

Part 10

235. Investigative powers of Executive Manager

(1)

The Executive Manager may require to appear before him any person who he thinks is capable of giving information concerning the promotion, formation, business, dealings, affairs or property of the company, or any other information which the Executive Manager believes to be relevant to the exercise of any of his powers.

(2)

The Executive Manager may for the purpose of carrying out his functions or the exercise of any of his powers examine any person on oath, and may administer an oath accordingly.

(3)

The Executive Manager may require any person mentioned in section 234(2) to produce any document in his possession or under his control relating to the company or to any of the matters mentioned in section 234(1)(a) and in relation to information recorded otherwise than in legible form, the power to require its production includes power to require the production of a copy of the information in legible form.

(4)

If any person —

(a)

fails or refuses to comply with his duty under section 234(1)(a) or (c);

(b)

fails or refuses to comply with a requirement of the

Executive Manager under section 234(1)(b) or this section;

(c)

refuses to answer any question put to him by the Executive

Manager, the Executive Manager may certify that fact in writing to the Court, and the

Court may —

(i)

punish the offender in the like manner as if he had been guilty of contempt of court; or

(ii)

cause a warrant to be issued to a police officer for the arrest of that person and for the seizure and delivery up to the Executive Manager of any document in that person’s possession and authorise a person arrested

Insolvency 190

under such a warrant to be kept in custody until he appears before the Executive Manager.

(5)

A lien or other right to retain possession of any document of the company is unenforceable to the extent that its enforcement would deny possession of any document to the Executive Manager.

(6)

In this section, “document” includes —

(a)

anything in which information of any description is recorded in any form, whether in a manner intelligible to the senses or capable of being made intelligible by the use of equipment;

(b)

any database or electronic information.

Report

Part 11

Schedules