COMPANIES ACT, 1929

621

(2) The directors shall, at least seven days before the day on
which the meeting is held, forward a report (in this Act referred to as
“the statutory report’) to every member of the company.

(3) The statutory report shall be certified by not less than two
directors of the company, or where there are less than two directors,
by the sole director and manager, and shall state—

(a) the total number of shares allotted, distinguishing shares
allotted as fully or partly paid up otherwise than in cash,
and stating in the case of shares partly paid up the extent
to which they are so paid up, and in either case the con-
sideration for which they have been allotted;
the total amount of cash received by the company in
respect of all the shares allotted, distinguished as aforesaid;
an abstract of the receipts of the company and of the pay-
ments made thereout, up to a date within seven days of the
late of the report, exhibiting under distinctive headings the
receipts of the company from shares and debentures and
other sources, the payments made thereout, and particulars
concerning the balance remaining in hand, and an account
or estimate of the preliminary expenses of the company;
the names, addresses, and descriptions of the directors,
auditors, if any, managers, if any, and secretary of the
company; and
the particulars of any contract, the modification of which is
to be submitted to the meeting for its approval, together
with the particulars of the modification or proposed modi-
fication.

c)

4) The statutory report shall, so far as it relates to the shares
allotted by the company, and to the cash received in respect of such
shares, and to the receipts and payments of the company on capital
account, be certified as correct by the auditors, if any, of the com-
nany.
(5) The directors shall cause a copy of the statutory report,
certified as required by this section, to be delivered to the registrar of
companies for registration forthwith after the sending thereof to the
members of the company.

(6) The directors shall cause a list showing the names, descrip-
tions, and addresses of the members of the company, and the
number of shares held by them respectively, to be produced at the
commencement of the meeting, and to remain open and accessible
to any member of the company during the continuance of the
meeting.

(7) The members of the company present at the meeting shall
be at liberty to discuss any matter relating to the formation of the
company, or arising out of the statutory report, whether previous
notice has been given or not, but no resolution of which notice has
not been given in accordance with the articles may be passed.