|
|
[Home] [Databases] [World Law] [Search] [Feedback] | |
Northern Irish Legislation |
||
| You are here: BAILII >> Databases >> Northern Irish Legislation >> COMPANIES ACT (NORTHERN IRELAND) 1960 | ||
[Index] [Table] [Search] [Notes] [Noteup] [Previous] [Next] [Download] [Help]
163.(1) If, from any report made under section 162 or from any information or document obtained under Article 107 or 108 of the Companies (Northern Ireland) Order 1978 it appears to the Department that any civil proceedings ought in the public interest to be brought by any body corporate, the Department may itself bring such proceedings in the name and on behalf of the body corporate (2) The Department shall indemnify the body corporate against any costs or expenses incurred by it in or in connection with any proceedings brought by virtue of sub-section (1). (3) If, in the case of any body corporate liable to be wound up under this Act, it appears to the Department from any report made under section 162 or from any information or document obtained under Article 107 or 108 of the Companies (Northern Ireland) Order 1978 that it is expedient in the public interest that the body should be wound up, the Department may, unless the body is already being wound up by the court, present a petition for it to be so wound up if the court thinks it just and equitable for it to be so wound up. (4) If, in the case of any such body corporate as is mentioned in sub-section (3), it appears to the Department from any report made or information or document obtained as aforesaid that its business is being conducted, or that the powers of its directors are being exercised, in a manner oppressive to any part of its members, the Department may (in addition to, or instead of, presenting a petition under sub-section (3)) present a petition for an order under section 201.][
© 1960 Crown Copyright
BAILII:
Copyright Policy |
Disclaimers |
Privacy Policy |
Feedback
URL: http://www.bailii.org/nie/legis/num_act/cai1960267/s163.html