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← Companies Act 1967

Companies Act 1967 s 237

Companies Act 1967 s 237

s 237 As to costs of investigations

237.—(1) The expenses of and incidental to an investigation by an inspector appointed pursuant to sections 232 and 243 (including the costs of any proceedings brought by the Minister in the name of the company), must be paid by the company investigated or if the Minister so directs by the applicants or in part by the company and in part by the applicants. (2) Despite subsection (1) —(a) if the company fails to pay the whole or any part of the sum which it is so liable to pay, the applicants must make good the deficiency up to the amount by which the security given by them under this Part exceeds the amount (if any) which they have under subsection (1) been directed by the Minister to pay; and (b) any balance of the expenses not paid either by the company or the applicants must be paid out of moneys provided by Parliament.

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Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Read the official text ↗

Source: Singapore Statutes Online (Attorney-General's Chambers), © Government of Singapore.

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