128
CAP. 32]
Accounts to
be annexed,
and auditors
report to
be attached.
to balance
sheet.
1948 c. 38. s. 156.
Directors' report to be attached to balance sheet.
Tenth Schedule
Companies
[1984 Ed.
(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 $2,000.
(Added, 80 of 1974, s. 12)
129C. (1) The profit and loss account and, so far as not incorporated in the balance sheet or profit and loss account, any group accounts laid before the company in general meeting, shall be annexed to the balance sheet, and the auditors' report shall be attached thereto.
(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 annexed 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 $2,000.
(Added, 80 of 1974, s. 12)
129D. (1) There shall be attached to every balance sheet laid before a company in general meeting a report by the directors with respect to the profit or loss of the company for the financial year and the state of the company's affairs as at the end thereof.
IN293/6
(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 company 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 directors recommend should be paid by way of dividend.
(c) state the amount, if any, which the directors propose to carry to reserves within the meaning of the Tenth Schedule:
(d) if the company (not being the wholly owned subsidiary of a company incorporated in Hong Kong) has no subsidiaries and has in the financial year made donations for charitable or other purposes to a total amount of not less than $1,000, state the total amount of such donations:
(e) if the company (not being the wholly owned subsidiary of a company incorporated in Hong Kong) has subsidiaries and the company and its subsidiaries have between them made donations for charitable or other purposes to a total amount of not less than $1,000, state the total amount of such donations:
128
CAP. 32]
Accounts to
be annexed,
and auditors
report to
be attached.
to balance
sheet.
1948 c. 38. s. 156.
Directors' report to be attached to balance sheet.
Tenth Schedule
Companies
[1984 Ed.
(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 $2.000.
(Added, 80 of 1974, s. 12)
129C. (1) The profit and loss account and, so far as not incorporated in the balance sheet or profit and loss account, any group accounts laid before the company in general meeting, shall be annexed to the balance sheet, and the auditors' report shall be attached thereto.
(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 annexed 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 $2,000.
( Added, 80 of 1974, s. 12)
129D. (1) There shall be attached to every balance sheet laid before a company in general meeting a report by the directors with respect to the profit or loss of the company for the financial year and the state of the company's affairs as at the end thereof.
IN293/6
(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 company 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 directors recommend
should be paid by way of divident.
(c) state the amount, if any, which the directors propose to carry to reserves within the meaning of the Tenth Schedule: (d) if the company (not being the wholly owned subsidiary of a company incorporated in Hong Kong) has no subsidiaries and has in the financial year made donations for charitable or other purposes to a total amount of not less than $1.000. state the total amount of such donations:
(e) if the company (not being the wholly owned subsidiary of a company incorporated in Hong Kong) has subsidiaries and the company and its subsidiaries have between them made donations for charitable or other purposes to a total amount of not less than $1.000. state the total amount of such donations:
C
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