Overview

investigation of a company


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An inquiry into the running of a company made by inspectors appointed by the Department of Trade and Industry acting under Part XIV of the Companies Act 1985 or the Financial Services and Markets Act 2000. It may be ordered by the Secretary of State, on his own initiative or upon application by the shareholders or the company itself, or by the court. Such an inquiry may be held to supply company members with information or to investigate fraud, unfair prejudice, nominee shareholders, or insider dealing. The inspectors' report is usually published. Investigations can also be carried out by the Financial Services Authority in accordance with the Financial Services and Markets Act 2000, such as in cases of insider dealing.

Subjects: Law.


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