Companies.
129. (1) In the case of a company not being a private company-
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Right to receive copies of balance sheets and auditors' report.
19 & 20 Geo. 5. c. 23, s. 130.
(a) a copy of every balance sheet, including every document required by law to be annexed thereto, which is to be laid before the company in general meeting, together with a copy of the auditors' report, shall, not less than seven days before the date of the meeting, be sent to all persons entitled to receive notices of general meetings of the company;
(b) any member of the company, whether he is or is not entitled to have sent to him copies of the company's balance sheets, and any holder of debentures of the company, shall be entitled to be furnished on demand without charge with a copy of the last balance sheet of the company, including every document required by law to be annexed thereto, together with a copy of the auditors' report on the balance sheet.
If default is made in complying with paragraph (a), the company and every officer of the company who is in default shall be liable to a fine of two hundred dollars, and if, where any person makes a demand for a document with which he is by virtue of paragraph (b) entitled to be furnished, default is made in complying with the demand within seven days after the making thereof, the company and every director, manager, secretary or other officer of the company who is knowingly a party to the default shall be liable to a fine of fifty dollars for every day during which the default continues, unless it is proved that that person has already made a demand for and been furnished with a copy of the document.
(2) In the case of a company being a private company, any member shall be entitled to be furnished, within seven days after he has made a request in that behalf to the company, with a copy of the balance sheet and auditors' report at a charge not exceeding twenty-five cents for every hundred words. If default is made in furnishing such a copy to any member who demands it and tenders to the company the amount of the proper charge therefor, the company and every officer of the company who is in default shall be liable to a default fine.
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