s 87
(1) In section 167 of the 1948 Act (duty of officers and agents to produce documents, attend before inspectors and give assistance in connection with investigation) after subsection (1) there shall be inserted the following subsections— “(1A) If the inspectors consider that a person other than an officer or agent of the company or other body 62 Companies Act 1981 corporate is or may be in possession of any information concerning its affairs, they may require that person to produce to them any books or documents in his custody or power relating to the company or other body corporate, to attend before them and otherwise to give them all assistance in connection with the investigation which he is reasonably able to give ; and it shall be the duty of that person to comply with the requirement. (1B) If an inspector has reasonable grounds for believing that a director, or past director, of the company or other body corporate whose affairs the inspector is investigating maintains or has maintained a bank account of any description, whether alone or jointly with another person and whether in Great Britain or elsewhere, into or out of which there has been paid— (a) the emoluments or part of the emoluments of his office as such director particulars of which have not been disclosed in the accounts of the company or other body corporate for any financial year contrary to section 6 of the Companies Act 1967 (particulars in accounts of directors’ emoluments) ; or (b) any money which has resulted from or been used in the financing of any transaction, arrangement or agreement— (i) particulars of which have not been disclosed in a note to the accounts of any company for any financial year, contrary to section 54 of the Companies Act 1980 (disclosure of contracts between companies and their directors, etc.) ; or (ii) in respect of which any amount outstanding was not included in the aggregate amounts outstanding in -respect of certain transactions, arrangements or agreements required to be disclosed in a note to the accounts of any company for any financial year by subsections (4) and (4A) of section 56 of that Act (transactions, etc. between recognised banks and their directors, etc.), contrary to subsection (4) of that section ; or (iii) particulars of which were not included in any register of certain transactions, arrangements and agreements required to be maintained by section 57 of that Act (register of transactions between recognised banks and _ their directors, etc.) contrary to that section ; or ( Companies Act 1981 c. 62 (c) any money which has been in any way connected with any act or omission, or series of acts or omissions, which on the part of that director constituted misconduct (whether fraudulent or not) towards that 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.”. (2) In subsection (2) of section 167 after the words “ the officers and agents of the company or other body corporate ” there shall be inserted the words “and any such person as is mentioned in subsection (1A) of this section”; in subsection (3) of that section after the words “any officer or agent of the company or other body corporate ” there shall be inserted the words “ or any such person as is mentioned in subsection (1A) of this section ” ; and subsection (4) of that section (which is superseded by the new subsection (1A)) shall cease to have effect.