162. Without prejudice to the provisions of section 161, the Registrar-
| (a) shall appoint one or more competent inspectors, to investigate the affairs of a company and to report thereon in such manner as the Registrar directs, where-
| | (i) the company by special resolution; or | | |
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| (b) may appoint one or more competent inspectors to investigate the affairs of a company and to report thereon to the Registrar that there are circumstances suggesting that-
| | (i) its business is being conducted with intent to defraud its creditors or the creditors of any other person or otherwise for a fraudulent or unlawful purpose or in a manner oppressive of any part of its members or that it was formed for any fraudulent or unlawful purpose; or | | |
| | (ii) persons concerned with its formation or the management of its affairs have in connection therewith been guilty of fraud, misfeasance or other misconduct towards it or towards its members ; or | | |
| | (iii) its members have not been given all the information with respect to its; affairs which they might reasonably expect. | | |
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Sri Lanka Consolidated Acts