Headed by the Inspector of Companies, CIB exercises on behalf of the Secretary of State for Business, Enterprise and Regulatory Reform the statutory powers of enquiry under the Companies Act 1985 and other legislation. These powers are exercisable throughout Great Britain, but not in Northern Ireland. Information obtained can be passed to other regulators for action; can result in the courts being petitioned to wind up the company; can result in an application being made to the courts for individuals to be disqualified from acting as a director of, or in the management of, a company; or can be used in a criminal prosecution of a company or its officers.
Civil servants within CIB carry out most investigations, although occasionally qualified individuals in the private sector are used – usually as a means of dealing with varying work loads, but sometimes because special expertise is required.
On 1 April 2006 CIB became part of the Insolvency Service, an Executive Agency of the Department of Trade and Industry, though its functions are unchanged.
External linksedit
archived in September 2006
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companies, investigation, branch, part, united, kingdom, department, business, enterprise, regulatory, reform, headed, inspector, companies, exercises, behalf, secretary, state, business, enterprise, regulatory, reform, statutory, powers, enquiry, under, compa. The Companies Investigation Branch or CIB was part of the United Kingdom s Department for Business Enterprise and Regulatory Reform Headed by the Inspector of Companies CIB exercises on behalf of the Secretary of State for Business Enterprise and Regulatory Reform the statutory powers of enquiry under the Companies Act 1985 and other legislation These powers are exercisable throughout Great Britain but not in Northern Ireland Information obtained can be passed to other regulators for action can result in the courts being petitioned to wind up the company can result in an application being made to the courts for individuals to be disqualified from acting as a director of or in the management of a company or can be used in a criminal prosecution of a company or its officers Civil servants within CIB carry out most investigations although occasionally qualified individuals in the private sector are used usually as a means of dealing with varying work loads but sometimes because special expertise is required On 1 April 2006 CIB became part of the Insolvency Service an Executive Agency of the Department of Trade and Industry though its functions are unchanged External links editCIB website archived in September 2006 nbsp This article related to government in the United Kingdom or its constituent countries is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Companies Investigation Branch amp oldid 1084085776, wikipedia, wiki, book, books, library,
