Singapore legislation
Section 103
Section 103
Power of Minister to appoint inspector
(1)
Despite anything in this Act, the Minister may appoint any person as an inspector to investigate any matter if he or she is satisfied that —
a prima facie case has been established that, for the protection of the public, the unitholders or the creditors of a registered business trust, it is desirable that the affairs of the registered business trust should be investigated;
it is in the public interest that allegations of fraud, misfeasance or other misconduct by persons who are or have been concerned with the formation or management of the registered business trust should be investigated; or
for any other reason, it is in the public interest that the affairs of the registered business trust should be investigated.
(2)
An inspector appointed under subsection (1) has all the powers conferred upon an inspector under Part 9 of the Companies Act 1967 and that Part applies, with the necessary modifications, to such investigation.
(3)
Any inspector appointed under subsection (1) must report the results of the inspector’s investigation to the Minister and the Minister may, if he or she thinks it in the public interest to do so, cause the report to be printed and published.