178
CAP. 32]
Statements annexed to
accounts showing certain items to include corresponding amounts for preceding
financial year.
1967 c. 81. s H.
Companies
[1984 Ed.
(6) The amounts to be shown under this section for any financial year shall be the sum receivable in respect of that year, whenever paid, or, in the case of sums not receivable in respect of a period, the sums paid during that year, so, however, that where any sums are not shown in the accounts for the relevant financial year on the ground that the person receiving them is liable to account therefor as mentioned in subsection (5)(@), but the liability is thereafter wholly or partly released or is not enforced within a period of 2 years, those sums shall, to the extent to which the liability is released or not enforced, be shown in the first accounts in which it is practicable to show them or in a statement annexed thereto, and shall be distinguished from the amounts to be shown therein apart from this provision.
(7) Where it is necessary so to do for the purpose of making any distinction required by this section in any amount to be shown thereunder, the directors may apportion any payments between the matters in respect of which they have been paid or are receivable in such manner as they think appropriate.
(8) If in the case of any accounts the requirements of this section are not complied with, it shall be the duty of the auditors of the company by whom the accounts are examined to include in their report thereon, so far as they are reasonably able to do so, a statement giving the required particulars.
(9) In this section any reference to a company's subsidiary-
(a) in relation to person who is or was, while a director of the company, a director also, by virtue of the company's nomination, direct or indirect, of any other body corporate, shall, subject to paragraph (b), include that body corporate, whether or not it is or was in fact the company's subsidiary; and
(b) shall for the purposes of subsections (2) and (3) be taken as referring to a subsidiary at the time the services were rendered, and for the purposes of subsection (4) be taken as referring to a subsidiary immediately before the loss of office as director of the company.
(Replaced, 80 of 1974, s. 14)
161A. (1) Where an item required by section 161 to be shown in a company's accounts or in a statement annexed is, in the case of a financial year, shown in such a statement, the corresponding amount for the immediately preceding financial year shall be included in that statement.
(2) If any person being a director of a company fails to take all reasonable steps to secure compliance with the provisions of subsection (1), he shall, in respect of each offence, be liable on summary conviction to imprisonment for 6 months and to a fine of $10,000:
178
CAP. 32]
Statements annexed to
accounts showing certain items to include corresponding amounts for preceding
financial year.
1967 c. 81. s H.
Companies
[1984 Ed.
(6) The amounts to be shown under this section for any financial year shall be the sum receivable in respect of that year, whenever paid, or, in the case of sums not receivable in respect of a period, the sums paid during that year, so, however, that where any sums are not shown in the accounts for the relevant financial year on the ground that the person receiving them is liable to account therefor as mentioned in subsection (5)(@), but the liability is thereafter wholly or partly released or is not enforced within a period of 2 years, those sums shall, to the extent to which the liability is released or not enforced, be shown in the first accounts in which it is practicable to show them or in a statement annexed thereto, and shall be distinguished from the amounts to be shown therein apart from this provision.
(7) Where it is necessary so to do for the purpose of making any distinction required by this section in any amount to be shown thereunder, the directors may apportion any payments between the matters in respect of which they have been paid or are receivable in such manner as they think appropriate.
(8) If in the case of any accounts the requirements of this section are not complied with, it shall be the duty of the auditors of the company by whom the accounts are examined to include in their report thereon, so far as they are reasonably able to do so, a statement giving the required particulars.
(9) In this section any reference to a company's subsidiary-
(a) in relation to person who is or was, while a director of the company, a director also, by virtue of the company's nomination, direct or indirect, of any other body cor- porate, shall, subject to paragraph (b), include that body corporate, whether or not it is or was in fact the company's subsidiary; and
(b) shall for the purposes of subsections (2) and (3) be taken as referring to a subsidiary at the time the services were rendered, and for the purposes of subsection (4) be taken. as referring to a subsidiary immediately before the loss of office as director of the company.
(Replaced, 80 of 1974, s. 14)
161A. (1) Where an item required by section 161 to be shown in a company's accounts or in a statement annexed is, in the case of a financial year, shown in such a statement, the corresponding amount for the immediately preceding financial year shall be included in that
statement.
(2) If any person being a director of a company fails to take all reasonable steps to secure compliance with the provisions of subsection (1), he shall, in respect of each offence, be liable on summary conviction to imprisonment for 6 months and to a fine- of $10.000:
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