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COMPANIES ACT (NORTHERN IRELAND) 1960 - SECT 165B

Power to require information as to persons interested in shares or debentures.

165B.(1) Where it appears to the Department that there is good reason to
investigate the ownership of any shares in or debentures of a company and that
it is unnecessary to appoint an inspector for the purpose, the Department may
require any person whom the Department has reasonable cause to believe

(a)to be or to have been interested in those shares or debentures; or

(b)to act or to have acted in relation to those shares or debentures as the
solicitor or agent of someone interested therein;

(2) For the purposes of this section, a person shall be deemed to have an
interest in a share or debenture if he has any right to acquire or dispose of
the share or debenture or any interest therein or to vote in respect thereof,
or if his consent is necessary for the exercise of any of the rights of other
persons interested therein, or if other persons interested therein can be
required or are accustomed to excercise their rights in accordance with his
instructions.

(3) Any person who fails to give any information required of him under this
section, or who in giving any such information makes any statement which he
knows to be false in a material particular, or recklessly makes any statement
which is false in a material particular, shall be guilty of an offence and be
liable on summary conviction to imprisonment for a term not exceeding
six months, or to a fine not exceeding #500, or to both.][

© 1960 Crown Copyright

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