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Companies Act, 1973 (Act No. 61 of 1973)

Chapter IX: Remedies of Members

Proceedings on Behalf of Companies

267. Powers of curator ad litem

 

 

1) A provisional curator ad litem appointed by the Court under section 266(3) and a curator ad litem whose appointment is confirmed by the Court under section 266 (4) shall, in addition to the powers expressly granted by the Court in connection with the investigation, proceedings and enforcement of a judgment, have the same powers as an inspector under section 260, and the provisions of that section shall, subject to the provisions of subsection (2) of this section, apply mutatis mutandis to the provisional curator ad litem and to the curator ad litem and to the directors, officers, employees, members and agents of the company concerned.

 

2) If the disclosure of any information about the affairs of a company to a provisional curator ad litem or a curator ad litem would in the opinion of the company be harmful to the interests of the company, the Court may on an application for relief by that company, if it is satisfied that the said information is not relevant to the investigation, grant such relief.