Companies Act 2014 section 750

Power of inspector to expand investigation into affairs of related bodies corporate

Section 750 deals with the power of a court-appointed inspector to extend an investigation beyond the company originally being investigated, so as to cover related bodies corporate, subject to certain conditions and court approval.

• An inspector may investigate a related body corporate if it is necessary for the investigation and the court has given its approval.
• The inspector must report on the related body's affairs only to the extent that the findings are relevant to the original company investigation.
• "Related body corporate" is defined broadly to include any body with which the company has a commercial relationship, meaning goods or services are sold or given between the parties.
• The Circuit Court may only grant approval to expand the investigation if the related body qualifies as a small or medium company under the relevant size thresholds in the Act.

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