(1) In Part 14 of the Companies Act 1985 (c 6) (investigation of companies and their affairs), after section 446 insert—
(1) In exercising his functions an inspector shall comply with any direction given to him by the Secretary of State under this section.
(2) The Secretary of State may give an inspector appointed under section 431, 432(2) or 442(1) a direction—
(a) as to the subject matter of his investigation (whether by reference to a specified area of a company's operation, a specified transaction, a period of time or otherwise), or
(b) which requires the inspector to take or not to take a specified step in his investigation.
(3) The Secretary of State may give an inspector appoint
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