(1) An auditor of a parent company may request its subsidiary company to report on its business, if it is necessary, for performing his/her duties.
(2) If, in cases falling under paragraph (1), a subsidiary company fails to make a report without delay or it is required to verify the contents of such reports, an auditor of the parent company may inspect the business affairs of the subsidiary company and the status of its property.
(3) A subsidiary company may not refuse reporting under paragraph (1) or inspection under paragraph (2), unless there exist good cause to the contrary.[This Article Newly Inserted by Act No. 5053, Dec. 29, 1995]