Page:Variable Capital Companies Act 2018.pdf/143

144 :::(ii) able to control of materially influence the policy of that VCC or corporation,
 * and a person concerned only on behalf of others; and


 * (b) the minister is not bound to furnish to the VCC or any other person a copy of any report by an inspector appointed under this section if the Minister is of the opinion that there is a good reason for not divulging the contents of the report or any part of it, but may (if the Minister thinks fit) cause to be kept by the Registrar a copy of the report or (as the case may be) the parts of the report, as respects which the Minister is not of that opinion.

Power to require information as to persons interested in shares or debentures


 * 121.—(1) Where it appears to the Minster that —


 * (a) there is good reason to investigate the ownership of any shares in or debentures of a VCC; and


 * (b) it is unnecessary to appoint an inspector for the purpose,

the Minister may require any person whom the :Minister has reasonable cause to believe to have or to be able to obtain any information as to —


 * (c) the present and past interests in those shares or debentures; and


 * (d) the names and addresses of the persons interested and of any person who act or have acted on their behalf in relation to the shares or debentures,
 * to give such information to the Minister.


 * (2) Subject to subject 5, section 244(2) to (7) of the Companies Act applies for the purpose of subsection (1) as it applies for the purposes of section 244(1) of that Act.


 * (3) For the purposes of subsection (1) and the provisions of the Companies Act applied by subsection (2), a book-entry security is treated as an interest in a share.