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Company Investigation

Unit: Company law

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August 2025

 2 Questions
Question 7a
​​State FOUR consequences of an adverse inspector's report.


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Question 6a
​​The law allows the court to appoint an investigator to investigate the affairs of a company and to determine who may be held responsible for paying the investigation expenses. 

 Highlight FIVE parties that might be liable for such expenses.


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April 2025

 1 Questions
Question 7b
​​In 2024, Zim Limited faced a decline in stock value amid allegations of financial misreporting. The company appointed an independent inspector with the power to examine company records, interview staff and audit financial statements. The investigations revealed fraudulent reporting by senior finance employees, leading to immediate dismissal of some employees and reforms in the company’s internal controls. 

 Required: 
 Explain FIVE reasons why the appointment of the independent inspector would prevent the issue from escalating.


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December 2024

 1 Questions
Question 6c
​​Discuss SIX powers of an inspector appointed to investigate affairs of a company.


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August 2024

 1 Questions
Question 6a
​​Outline FIVE circumstances under which the Registrar of Companies may order an investigation into the affairs of a company.


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April 2024

 1 Questions
Question 7b
​Examine SIX circumstances under which an inspector may be appointed by a regulatory authority to investigate the affairs of a company.


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December 2023

 1 Questions
Question 4c
​​In relation to company investigations: 

(i) Examine FIVE circumstances under which an investigation may be initiated. 

(ii) Summarise FIVE potential outcomes or recommendations from an investigation into a company's affairs.


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August 2023

 1 Questions
Question 5a
​​In relation to investigation of company affairs: 
 (i) Explain the purpose of an investigation into a company's affairs under company law.

(ii) Identify FOUR parties that have the authority to initiate an investigation of a company's affairs under company law. 

(iii) Highlight SIX consequences of an adverse finding from investigation of a company's affairs.


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April 2023

 1 Questions
Question 4d
​​Identify THREE ways in which the appointment of a Court appointed inspector may be terminated.


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December 2022

 1 Questions
Question 7b
​​Identify FIVE instances when a court may appoint one or more competent inspectors to investigate the affairs of a company.


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August 2022

 1 Questions
Question 6a
​​In relation to company investigations: 

(i) Explain the legal effect of an inspector’s report. 

(ii) Explain two duties of the management of a company during company investigations. 

(iii) Summarise three types of proceedings which might result from the inspector’s report of a company’s investigation.


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April 2022

 1 Questions
Question 7a
​​Explain four circumstances that would give rise to the appointment of an inspector to investigate the affairs of a company.


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Pilot December 2021

 2 Questions
Question 6b
​​Explain which court appoints an inspector to investigate a company’s affairs and what circumstances may lead to such an appointment.


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Question 7
​​With respect to investigation of a company’s affairs and mergers: 

(a) Identify the court that has powers to appoint an inspector. 

(b) Describe six circumstances that might lead to such an appointment in (a) above. 

(c) Discuss the types of information that should be contained in the draft terms of scheme for a proposed merger


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December 2021

 2 Questions
Question 5b
​​Describe five circumstances under which the registrar may order an investigation into the affairs of a company.


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Question 5c
​​Describe five powers of an inspector appointed to investigate the affairs of a company.


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May 2021

 1 Questions
Question 3a
​​With specific reference to derivative actions:

(i) Define the term "derivative claim".

(ii) Identify two causes of action with respect to which a derivative claim might arise.

(iii) Highlight three outcomes that might arise upon the court hearing the application of a derivative claim. 


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November 2020

 1 Questions
Question 3b
​​Discuss the powers of the Office of the Attorney-General (OAG) in the appointment of an investigator of company affairs and ownership.


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November 2019

 1 Questions
Question 3b
​​(i) In relation to company investigations, outline four powers of an inspector appointed to investigate the affairs of a company. 

(ii) Describe four types of content to be stated in an annual return of a company.


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May 2019

 1 Questions
Question 6b
​​With regard to company accounts, audit and investigation: 

(i) Specify three categories of members who might apply to the court for appointment of company inspectors to investigate the affairs of the company. 

(ii) Enumerate seven requirements for group financial statements.


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November 2018

 1 Questions
Question 6a
​​In the context of company accounts, audit and inspection, highlight six individuals to whom the court might provide a copy of the inspector's report.


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May 2017

 1 Questions
Question 5a
​​ Discuss five powers of an inspector in the investigation of a company's affairs.


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November 2016

 1 Questions
Question 7a
​​ Discuss five circumstances under which a court might appoint one or more competent inspectors to investigate the affairs of a company.


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November 2015

 1 Questions
Question 2b
​​Describe persons who are responsible for meeting the expenses of an investigation by an inspector appointed by the court. 


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Pilot September 2015

 2 Questions
Question 6d
​​Outline three powers of an inspector appointed to investigate the affairs of a company.


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Question 3d
(i) Define the term "derivative action". 

(ii) Explain four characteristics of a derivative action.


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