The Companies (No. 2) (Northern Ireland) Order 1990 No. 1504 (NI. 10)

F1 PART II N.I. INVESTIGATIONS AND POWERS TO OBTAIN INFORMATION

F1 Pt. II (arts. 3-27) repealed by Companies Act 2006 (c. 46), ss. 1295, 1300(2), Sch. 16 and the repeal having been brought into operation on different dates, as to which see individual Articles

Amendments of the Companies Order N.I.

Expenses of investigating a company's affairs N.I.

7.—(1) Article 432 of the Companies Order (expenses of investigating a company's affairs) is amended as follows.

(2) For paragraph (1) substitute—

“(1) The expenses of an investigtion under any of the powers conferred by this Part shall be defrayed in the first instance by the Department but it may recover those expenses from the persons liable in accordance with this Article.

There shall be treated as expenses of the investigation, in particular, such reasonable sums as the Department may determine in respect of general staff costs and overheads.” .

(3) In paragraph (4) for “the inspectors' report” substitute “ an inspectors' report ”.

(4) For paragraph (5) substitute—

“(5) Where inspectors were appointed—

(a) under Article 424, or

(b) on an application under Article 435(3),

the applicant or applicants for the investigation is or are liable to such extent (if any) as the Department may direct.” .