Singapore legislation
Clause 103
Clause 103
Power of Minister to appoint inspector
(1)
Notwithstanding anything in this Act, the Minister may appoint any person as an inspector to investigate any matter if he 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) shall have all the powers conferred upon an inspector under Part IX of the Companies Act (Cap. 50) and that Part shall apply, with the necessary modifications, to such investigation.
(3)
Any inspector appointed under subsection (1) shall report the results of his investigation to the Minister and the Minister may, if he thinks it in the public interest to do so, cause the report to be printed and published.