Part 1

Auditors, accounts, directors' liabilities and investigations
Chapter 4

Investigations

Power to require documents and information
21
For section 447 of the Companies Act 1985 (c. 6) substitute—

Power to require documents and information
447
1
The Secretary of State may act under subsections (2) and (3) in relation to a company.
2
The Secretary of State may give directions to the company requiring it—
a
to produce such documents (or documents of such description) as may be specified in the directions;
b
to provide such information (or information of such description) as may be so specified.
3
The Secretary of State may authorise a person (an investigator) to require the company or any other person—
a
to produce such documents (or documents of such description) as the investigator may specify;
b
to provide such information (or information of such description) as the investigator may specify.
4
A person on whom a requirement under subsection (3) is imposed may require the investigator to produce evidence of his authority.
5
A requirement under subsection (2) or (3) must be complied with at such time and place as may be specified in the directions or by the investigator (as the case may be).
6
The production of a document in pursuance of this section does not affect any lien which a person has on the document.
7
The Secretary of State or the investigator (as the case may be) may take copies of or extracts from a document produced in pursuance of this section.
8
A “document” includes information recorded in any form.
9
In relation to information recorded otherwise than in legible form, the power to require production of it includes power to require the production of a copy of it in legible form or in a form from which it can readily be produced in visible and legible form.