COMPANIES ACT, 1929

631

(4) If in the case of any such accounts as aforesaid the require-
ments of this section are not complied with, it shall be the duty
>f the auditors of the company by whom the accounts are examined
to include in their report on the balance sheet of the company,
so far as they are reasonably able to do so, a statement giving the
required particulars.

(5) In this section the expression ‘emoluments’ includes fees,
percentages and other payments made or consideration given,
directly or indirectly, to a director as such, and the money value of
any allowances or perquisites belonging to his office.
129.—(1) Every balance sheet of a company shall be signed on Signing of
behalf of the board by two of the directors of the company, or, if balance sheet.
there is only one director, by that director, and the auditors’ report
shall be attached to the balance sheet, and the report shall be
read before the company in general meeting, and shall be open to
inspection by any member.

(2) In the case of a banking company registered after the
qfteenth day of August, eighteen hundred and seventy-nine, the
balance sheet must 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.

(3) If any copy of a balance sheet which has not been signed
as required by this section is issued, circulated, or published, or if
any copy of a balance sheet is issued, circulated, or published
without having a copy of the auditors’ report attached thereto, the
company, and every director, manager, secretary, or other officer of
the company who is knowingly a party to the default, shall on
conviction be liable to a fine not exceeding fifty pounds.
130.—(1) In the case of a company not being a private company—
fa) a copy of every balance sheet, including every document
required by law to be annexed thereto, which is to be laid
before the company in general meeting, together with a
copy of the auditors’ report, shall, not less than seven
Jays before the date of the meeting, be sent to all persons
entitled to receive notices of general meetings of the com-

pany,
any member of the company, whether he is or is not entitled
to have sent to him copies of the company’s balance sheets,
and any holder of debentures of the company, shall be
entitled to be furnished on demand without charge with a
copy of the last balance sheet of the company, including
every document required by law to be annexed thereto,
together with a copy of the auditors’ report on the balance

sheet.
If default is made in complying with paragraph (a) of this sub-
section, the company and every officer of the company who is in
default shall be liable to a fine not exceeding twenty pounds, and if,

Right to receive
copies of
balance sheets
and auditors’
report.