(1) The Minister may, on his own initiative or on the application in writing of the holders of not less than 10 per cent, in value of the units in issue of a unit trust scheme (being an application in relation to which the Minister is satisfied that it is not merely vexatious), appoint one or more competent inspectors to investigate and report on the administration of a registered unit trust scheme or a unit trust scheme the registration of which under this Act stands cancelled if it appears to the Minister -
(a) that it is in the interests of holders of units created under the scheme to do so, and
(b) that the matter is one of public concern.
(2) Sections 167, 168 (other than subsection (3)) and 170 (other than subsection (3)) of the Companies Act, 1963, shall apply in relation to an inspector appointed under this section to carry out an investigation as they apply in relation to inspectors appointed under section 165 of that Act, but with the following, and any other necessary,