HC Deb 09 July 1980 vol 988 c158W
Mr. Robert Taylor

asked the Secretary of State for Trade if he will list the powers available to inspectors appointed under section 164 and 172 of the Companies Act 1948 to secure the attendance of witnesses known to be in the United Kingdom.

Mr. Eyre

Powers are set out in sections 167 and 172(5) of the Companies Act 1948. In essence section 167 empowers inspectors to require the attendance of all officers and agents of the company with recourse to the court in the event of non-attendance. "Agents" includes the company's solicitors, bankers and auditors. On an application by inspectors, the court may require the attendance of any other person for examination on oath. Inspectors appointed under section 172 may additionally require the attendance of anyone thought to have financial interest in the success or failure of the company; persons able to control or materially to influence the company's policy; and persons acting on their behalf. In certain circumstances the powers are excercisable in respect of related companies or their officers and agents.