(1) Without prejudice to its powers under section 7, the court may on the application of the Director appoint one or more competent inspectors (who may be or include an officer or officers of the Director) to investigate the affairs of a company and to report thereon in such manner as the court shall direct, if the court is satisfied that there are circumstances suggesting -
(a) that its affairs are being or have been conducted with intent to defraud its creditors or the creditors of any other person or otherwise for a fraudulent or unlawful purpose or in an unlawful manner or in a manner which is unfairly prejudicial to some part of its members, or that any actual or proposed act or omission of the company (including an act or omission on its behalf) is or would be so prejudicial, or that it was formed for any fraudulent or unlawful purpose; or
(b) that persons connected with its formation or the management of its affairs have in connection therewith been guilty of fraud, misfeas