10. Investigation into the affairs of a licensee
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The Minister may appoint one or more inspectors to investigate the affairs of a licensee or such aspects of the affairs of a licensee as are specified in the instrument of appointment.
affairs
“affairs”, in relation to a licensee, includes —(a)the promotion, formation, membership, control, trading, dealings, business and property of the licensee;(b)the ownership of shares in, debentures of and interests made available by the licensee;(c)the ascertainment of the persons who are or have been financially interested in the success or failure or apparent success or failure of the licensee or are or have been able to control or materially to influence the policy of the licensee; and(d)the circumstances under which a person acquired or disposed of or became entitled to acquire or dispose of shares in, debentures of or interests made available by the licensee;
An inspector appointed by the Minister may, and if so directed by the Minister shall, make interim reports to the Minister and on the conclusion of the investigation an inspector shall report his opinion on or in relation to the affairs that he has been appointed to investigate together with the facts upon which his opinion is based to the Minister, and a copy of the report shall be forwarded by the Minister to the registered office of the licensee.
licensee
“licensee” means a person to whom a bus service licence has been granted under this Act and includes any company which an inspector appointed under this Act thinks necessary to investigate the affairs of the company pursuant to section 11(1);
The Minister may, if he is of the opinion that it is necessary in the public interest to do, cause the report to be printed and published.[9A