fraud or other misconduct in connection with the promotion or formation of that body corporate or the management of its affairs, or for the recovery of any property of the body corporate which has been misapplied or wrongfully retained, the Minister may himself bring the proceedings for that purpose in the name of the body corporate. (4 ) The Minister shall indemnify the body corporate against any costs or expenses incurred by it in or in co nnection with any proceedings brought by virtue of subsection (3). (5 ) The Minister may, on receiving any interim or final report as aforesaid, direct that the company shall not pay dividends on, or permit the exercise of any rights, including the right of transfer, attached to all or any of, the shares in the company specified in such direction and the Minister may revoke, vary or suspend any such direction, and any officer of the company who fails to comply with any such direction shall be guilty of an offence and liable to a fine not exceeding level seven or to imprisonment for a period not exceeding one year or to both such fine and such imprisonment. [Section as amended by Act No. 22 of 2001] 163 Expenses of investigation of company’s affairs (1 ) The expenses of and incidental to an investigation by an inspector appointed by the Minister under this Act shall be defrayed in the first instance by the Minister, but the following persons shall, to the extent me ntioned, be liable to repay the Minister— (a ) any person who is convicted on a prosecution instituted as a result of the investigation or who is ordered to pay damages or restore any property in proceedings brought by virtue of subsection (3 ) of section one hundred and sixty -two may, in the same proceedings, be ordered to pay the said expenses to such extent as may be specified in the order; (b ) any body corporate in whose name proceedings are brought as aforesaid shall be liable to the amount or value of any sums of property recoverable by it as a result of those proceedings; (c) unless as a result of the investigation a prosecution is instituted— (i) any body corporate dealt with by the report, where the inspector was appointed otherwise than of the Minister’s own motion, shall be liable, except so far as the Minister may otherwise direct; and (ii) the applicants for the investigation, where the inspector was appointed under section one hundred and fifty-seven, shall be liable to such extent, if any, as the Minister may direct; and any amount for which a body corporate is liable by virtue of paragraph (b) shall be a first charge on the sums or property mentioned in that paragraph. (2 ) The report of an inspector appointed otherwise than of the Minister’s own motion may, if he thinks fit, and shall, if the Minister so directs, include a recommendation as to the directions, if any, which he thinks appropriate, in the light of his investigation, to be given under paragraph (c) of subsection (1). (3 ) For the purpose of this section, any costs or expenses incurred by the Minister in or in connection with proceedings brought by virtue of subsection (3) of section one hundred and sixty-two, including expenses incurred by virtue of subsection (4) thereof, shall be treated as expenses of the investigation giving rise to the proceedings. (4 ) Any liability to repay the Minister imposed by paragraphs (a) and (b) of subsection (1) shall, subject to satisfaction of the Minister’s right to repayment, be a liability also to indemnify all persons against liability under paragraph (c) thereof, and any such liability imposed by the said paragraph (a ) shall, subject as aforesaid, be a liability also to indemnify all persons against liability under the said paragraph (b ); and any person liable under the said paragraph (a ) or (b) or either subparagraph of the said paragraph (c) shall be entitled to contribution from any other person liable under the same paragraph or subparagraph, as the case may be, according to the amount of their respective liabilities thereunder. (5 ) The expenses to be defrayed by the Minister under this section shall, so far as not recovered thereunder, be paid out of moneys appropriated for the purpose by Act of Parliament. 164 Appointment and powers of inspectors to investigate ownership of company (1 ) The Minister may, with or without an application by members of the company, appoint one or more i nspectors to investigate and report on the membership of any company and otherwise with respect to the company for the purpose of determining the true persons who are or have been financially interested in the success or failure of the company or able to control or materially to influence the policy of the company and may determine the limits, conditions and methods of such investigation. (2 ) The expenses of any investigation under subsection (1) shall be defrayed by the Minister out of moneys appropriated for the purpose by Act of Parliament. 165 Power to require information as to persons interested in shares or debentures (1 ) Where it appears to the Minister that there is good reason to investigate the ownership of any shares in or debentures of a company and that it is unnecessary to appoint a n inspector for the purpose, he may require any person whom he has reasonable cause to believe — (a ) to be or to have been interested in those shares or debentures; or