(1) If a court is
satisfied that the presence of a representative of a corporation is needed,
the court may issue an approved notice to the corporation that requires it to
appear before the court at the time and place specified in the notice by a
representative appointed under section 152.
(2) The approved
notice must be served on the corporation in accordance with Schedule 2
clause 4.
(3) In this Act an
approved notice issued under this section is referred to as a "
section 155 notice".
(4) If a corporation,
without a reasonable excuse, does not obey a notice issued under
subsection (1) and served on it under subsection (2), it commits an
offence.
Penalty: $60 000.