Section 260 — Power of inspectors to carry investigation into affairs of associated companies

Statute text

If an inspector appointed under sections 256, 257 or 258
to investigate the affairs of a company considers it necessary for reasons to be
recorded in writing, he may probe after seeking prior approval of the Commission,
the affairs of any other associated company or associated undertaking which is, or
has been associated and also from the chief executive of any such company:

Provided that the Commission shall not grant approval under this section
without providing opportunity of being heard to the associated company or
associated undertaking or the chief executive, as the case may be.

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