Companies Act (Cap. 386)
Companies Act (Cap. 386), article 409
409. If any person referred to in article 407 -
(a) refuses to produce any book or document which it is
his duty under article 407 or article 408 to produce to
the inspectors; or
(b) refuses to attend before th e inspectors when required
to do so; or
(c) refuses to answer any question put to him by the
inspectors with respect to the affairs of the company or
other body corporate, as referred to in article 406(1),
as the case may be,
he shall be guilty of an offence and liable on conviction to a fine
(multa) of not more than four thousand and six hundred and fifty-eigh t
euro (€4,658), or to imprisonment for a term not exceeding six months,
or to both such fine ( multa) and imprisonment.
Inspectors’ reports.410. (1) The inspectors shall ma ke interim reports to the
Registrar and on the conclusion of their investigation shall ma ke a
final report to him.
(2) If the inspectors were appointed under article 405 in
pursuance of an order of the court, the Registrar shall furnish a
copy of all their reports to the court.
(3) The Registrar may, if he thinks fit -
(a) forward a copy of any repor t made by the inspectors to
the company’s re gistered office;
(b) furnish a copy on request and on payment of the
prescribed fee to -
(i) any member of the company or other body
corporate which is the s ubject of the report;
(ii) any person whose conduct is referred to in the
report;
(iii) the auditors of that company or body corporate;
(iv) the applicants for the investigation;
(v) any other person whose financial interests
appear to the Registrar to be affected by the
matters dealt with in th e report, whether as a
creditor of the company or body corporate, or
otherwise; and
(c) cause any such report to be published.
256 CAP. 386.] COMP ANIES
Power to bring
civil proceedings
on company’s
behalf.
Text read from the consolidated PDF published by Legislation Malta. Tables, figures and marginal notes may be incomplete or out of place: the official PDF is authoritative. General information, not legal, tax or accounting advice.