CAP. 32]
Banking and certain other companies to publish periodical statement.
19 & 20 Geo. 5, c. 23, s. 131.
130. (1) Every company, being a limited banking company or an insurance company or a deposit, provident, or benefit society, shall, before it commences business, and also on the 1st Monday in February and the 1st Tuesday in August in every year during which it carries on business, make a statement in the English language in the form set out in the Seventh Schedule, or as near thereto as circumstances admit.
Seventh Schedule. (Cap. 36). (Cap. 34).
Appointment and remuneration of auditors.
(2) A copy of the statement shall be put up in a conspicuous place in the registered office of the company, and in every branch office or place where the business of the company is carried on.
(3) Every member and every creditor of the company shall be entitled to a copy of the statement, on payment of a sum not exceeding twenty-five cents.
(4) If default is made in complying with this section, the company and every director and manager of the company who knowingly and wilfully authorizes or permits the default shall be liable to a fine of one hundred dollars for every day during which the default continues.
(5) For the purposes of this Ordinance a company which carries on the business of insurance in common with any other business or businesses shall be deemed to be an insurance company.
(6) This section shall not apply to any insurance company to which the provisions of the Life Insurance Companies Ordinance, or the Fire and Marine Insurance Companies Deposit Ordinance, apply, if the company complies with those provisions.
131. (1) Every company shall at each annual general meeting appoint an auditor or auditors to hold office until the next annual general meeting.
19 & 20 Geo. 5, c. 23, s. 132.
(2) If an appointment of auditors is not made at an annual general meeting, the court may, on the application of any member of the company, appoint an auditor of the company for the current year.
(3) The Clerk of Councils shall publish annually by notification in the Gazette a list in two parts containing the
98
CAP. 32]
Banking and certain other com- panies to
publish periodical
statement.
19 & 20 Geo. 5,
Companies.
130. (1) Every company, being a limited banking company or an insurance company or a deposit, provident, or benefit society, shall, before it commences business, and also on the 1st Monday in February and the 1st Tuesday c. 23, s. 131. in August in every year during which it carries on business, make a statement in the English language in the form set out in the Seventh Schedule, or as near thereto as circum- stances admit.
Seventh Schedule.
22 of 1950, Schedule.
(Cap. 36).
(Cap. 34).
Appointment
and
remuneration
of auditors.
(2) A copy of the statement shall be put up in a conspicuous place in the registered office of the company, and in every branch office or place where the business of the company is carried on.
(3) Every member and every creditor of the company shall be entitled to a copy of the statement, on payment of a sum not exceeding twenty-five cents.
(4) If default is made in complying with this section, the company and every director and manager of the company who knowingly and wilfully authorizes or permits the default shall be liable to a fine of one hundred dollars for every day during which the default continues..
(5) For the purposes of this Ordinance a company which carries on the business of insurance in common with any other business or businesses shall be deemed to be an insurance company.
(6) This section shall not apply to any insurance company to which the provisions of the Life Insurance Companies Ordinance, or the Fire and Marine Insurance Companies Deposit Ordinance, apply, if the company com- plies with those provisions.
131. (1) Every company shall at each annual general meeting appoint an auditor or auditors to hold office until
19 & 20 Geo. 5. the next annual general meeting.
c. 23, s. 132.
(2) If an appointment of auditors is not made at an annual general meeting, the court may, on the application of any member of the company, appoint an auditor of the company for the current year.
(3) The Clerk of Councils shall publish annually by notification in the Gazette a list in two parts containing the
98
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