Companies Act (Cap. 386), article 408

408. If an inspector has reasonable grounds for believing that a director, or past director, of the company or other body corpor ate as referred to in article 406(1) whose affairs he is investigating maintains or has maintained a bank account of any description, whether alone or jointly with another person and whether in Mal ta or elsewhere, into or out of which there has been paid - (a) the emoluments or part of the emoluments of his office as director as aforesaid, whether or not disclosed in the accounting records of the company; or (b) any money which has resulted from or been used in the financing of an undisclosed transaction, arrangement or agreement; or COMP ANIES [CAP. 386. 255 (c) any money which has been in any way connected with an act or omission, or series of acts or omissions which on the part of that director constituted misconduct, whether fraudulent or not, towards the company or body corporate or its members, the inspector may require the director to produce to him all documents in the director’s possession, or under his control, relating to that bank account. Obstruction of inspectors during investigation of company’s affairs. Amended by: L.N. 425 of 2007; XVIII.2025.48.