180
CAP. 32]
Companies
[1984 Ed.
(6 of 1984.) (*31.8.84.]
Tenth Schedule.
(b) the liability of the company in respect of the guarantee or security has not been discharged before the beginning of the financial year.
(3) The particulars referred to in subsection (2) are-
(a) in respect of the relevant loan in connexion with which the guarantee is entered into or the security provided, the name of the borrower and, if subsection (2) applies to the guarantee or security-
(i) by reason of the borrower's being connected with a director of the company or of its holding company; or
(ii) where the borrower is a body corporate, by reason of the fact that a director of the company or a person connected with him has held (jointly or severally or directly or indirectly) a controlling interest therein, the name of that director;
(b) the maximum liability of the company under the guarantee or in respect of the security both at the beginning and at the end of the financial year;
(c) any amount paid and any liability incurred by the company for the purpose of fulfilling the guarantee or discharging the security (including any loss incurred by the company by reason of the enforcement of the guarantee or security).
(4) As respects any transaction referred to in this subsection which is entered into after the commencement* of the Companies (Amendment) Ordinance 1984 by a subsidiary of a company to which section 124 applies, group accounts prepared by the company under that section (or, where group accounts are not so prepared by virtue of subsection (2) of that section, the accounts of the company prepared under section 122) shall contain particulars showing--
(a) the amount of any loan made to an officer of the company (whether or not he was an officer of the company at the time the loan was made) by the subsidiary, and---
(i) the name of the officer:
(ii) the terms of the loan including the rate of interest and the security therefor
(iii) the amount outstanding on the loan, in respect of principal and interest, at the beginning and at the end of the company's financial year and the maximum amount so outstanding during that financial year; and
(iv) the amount of interest which, having fallen due, has not been paid and the amount of any provision (within the meaning of the Tenth Schedule) made in respect of any failure or anticipated failure by the officer to repay the whole or part of the loan or to pay the whole or part of any interest therein; and
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