Section 232: Investigation of other companies

232. Investigation of other companies (1) The Registrar may— (a) in the case of a company having a share capital, on the application of— (i) not less than fifty shareholders; (ii) shareholders holding not less than one tenth of the issued shares; or (iii) debenture holders holding not less than one fifth in nominal value of the issued debentures; (b) in the case of a company limited by guarantee, on the application of not less than one fifth in number of the persons on the share register; or [Issue 1] C35 – 140 Revised Laws of Mauritius (c) where he considers that the appointment of an inspector is necessary to safeguard the interests of shareholders or creditors or is necessary in the public interest, require an inspector to investigate the affairs of a company or such aspects of the affairs of a company as are specified in the instrument of appointment and in the case of a debenture agency deed, the conduct of the debenture holders representative, and to make a report on his investigation in such form and manner as the Registrar may direct. (2) An application under this section shall be supported by such evidence as the Registrar may require as to the reasons for the application and the grounds of the applicants in requiring the investigation, and the Registrar may, before appointing an inspector, require the applicants to give security in such amount as he thinks fit for payment of the costs of the investigation.