Business Ethics and Corporate Governance, Second Edition

PUBLIC EXAMINATION OF DIRECTORS

In case of winding up of a company by the court, the Official Liquidator may make a report to the court stating that in his opinion, a fraud has been committed

1. by any person in the promotion or formation of the company; and
2. by any officer of the company in relation to the company, since its formation.

In such a case, the Court may, after considering the report, direct that the person or officer shall

1. attend before the Court on a day appointed by it for that purpose; and
2. be publicly examined (i) as to the promotion or formation or the conduct of the business of the company or (ii) as to his conduct and dealings as an officer there of.