Statement in subsidiary company's
accounts of
name and
place of incorpora-
tion of its ultimate holding company.
19NGT BI. L 1.
Signing of balance sheet.
1948 c. 38.
155,
20
as would be required to indicate the per- centage, to one significant figure, of the proportion of the nominal value of the issued shares of that class represented by one share.
(8) In this section "equity share capital" means, in relation to a company, its issued share capital ex- cluding any part thereof which does not, either as respects dividends or as respects capital, carry any right to participate beyond a specified amount in a distribution.
129A. (1) Subject to subsection (2), where, at the end of its financial year, a company is the sub- sidiary of another body corporate, there shall be stated in, or in a note on, or statement annexed to, the company's accounts laid before it in general meeting the name of the body corporate regarded by the directors as being the company's ultimate holding company and, if known to them, the country in which it is incorporated.
(2) Subsection (1) shall not require the dis- closure by a company which carries on business out. side Hong Kong of information with respect to the body corporate regarded by the directors as being its ultimate holding company if the disclosure would, in their opinion, be harmful to the business of that holding company or of the first-mentioned company or any other of that holding company's subsidiaries and the Financial Secretary agrees that the informa- tion need not be disclosed.
1298. (1) Every balance sheet of a company shall be approved by the board of directors of the company and signed on behalf of the board by two of the directors, or, if there is only one director, by that director.
(2) In the case of a company carrying on bank- ing business, the balance sheer shall be signed by the secretary or manager, if any, and where there are more than three directors of the company by at least three of those directors, and where there are not more than three directors by all the directors.
Accounts to
be annexed,
and auditors" report to
21
(3) If any copy of a balance sheet which has not been signed as required by this section is issued, circulated or published, the company and every officer of the company who is in default shall be liable to a fine of two thousand dollars.
129C. (1) The profit and loss account and, so far as not incorporated in the balance sheet or pro- fit and loss account, any group accounts laid before be attached, the company in general meeting, shall be annexed to the balance sheet, and the auditors' report shall be attached thereto.
to balance sheet. 1948 2. 38. 1. 156.
Directors' report to be attached to balance sheet.
(2) Any accounts so annexed shall be approved by the board of directors before the balance sheet is signed on their behalf.
(3) If any copy of a balance sheet is issued, circulated or published without having andexed thereto a copy of the profit and loss account or any group accounts required by this section to be so annexed, or without having attached thereto a copy of the auditors' report, the company and every officer of the company who is in default shall be liable to a fine of two thousand dollars.
129D. (1) There shall be attached to every balance sheet laid before a company in general meet- ing a report by the directors with respect to the pro- fit or loss of the company for the financial year and the state of the company's affairs as at the end thereof.
(2) Every directors' report so attached shall be approved by the board of directors and signed on behalf of the board either by the chairman of the meeting at which it was approved or by the secretary of the company,
(3) The report shall-
(a) state the principal activities of the com- pany and of its subsidiaries in the course of the financial year and any significant change in those activities in that year:
(b) state the amount, if any, which the direc- tors recommend should be paid by way of dividend:
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