Section 548 of The Companies Act No. 17 of 2015: Report to members on outcome of investigation

    

(1) On the conclusion of an investigation carried out by a company in accordance with a requirement made under section 546, the company shall prepare a report of the information obtained as a result of the investigation.
(2) The company shall ensure that the report is made available for inspection within a reasonable period (being not more than fifteen days) after the completion of the investigation.
(3) If—
(a) a company undertakes an investigation in accordance with a requirement made under section 546; and
(b) the investigation is not completed within three months after the date on which the company became subject to the requirement, the company shall prepare for that period, and for each subsequent period of three months ending before the completion of the investigation, an interim report of the information obtained during that period as a result of the investigation.
(4) The company shall make each such report available for inspection within a reasonable period (being not more than fourteen days) after the end of the period to which it relates.
(5) The company shall retain the reports for at least six years from the date on which they are first made available for inspection and during that time shall, except in so far as the regulations otherwise provided, keep them available for inspection at the company's registered office.
(6) Within three days after first making any such report available for inspection, the company shall notify the requesting members that the report is available for inspection at the company's registered office or, if the regulations otherwise provide, at a place authorised by the regulations.
(7) For the purposes of this section, an investigation carried out by a company in accordance with a requirement made under section 546 is completed when—
(a) the company has made all such inquiries as are necessary for the purposes of the requirement; and
(b) in the case of each such inquiry—
a response has been received by the company; or (ii) the time allowed for a response has elapsed.


Disclaimer: This document is not to be taken as legal advise.

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