chapter  15
23 Pages

Minority protection

On occasion, powers are given to the Companies Investigation Branch of the Department for Business, Innovation and Skills, which buttress the minority remedies which are available. Very often, the investigation is preceded by requiring the production of documents that may then demonstrate that a full-blooded investigation is appropriate. Section 431 of the Act provides that the Secretary of State may appoint one or more inspectors to investigate the affairs of a company and to report on them in such manner as he may direct. It was stated in this case that an investigation is an administrative act and that the full rules of natural justice did not therefore apply. Furthermore, the Secretary of State may order that an investigation should be held if there are circumstances suggesting that: Section 432 provides that inspectors may be appointed under s 432 on terms that their report is not for publication.