Secretarial practice

Bibliographic data

Monograph

Identifikator:: 1828236004

URN:: urn:nbn:de:zbw-retromon-249926

Document type:: Monograph

Title:: Secretarial practice

Edition:: fourth edition

Place of publication:: Cambridge

Publisher:: W. Heffer & Sons Ltd

Year of publication:: 1930

Scope:: viii, 987 Seiten

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Chapter XVI. Balance street and audit

Collection:: Economics Books

BALANCE SHEET AND AUDIT 17Q (vii) If any of the liabilities of the company consist of indebtedness to a subsidiary company, show as a separate item the aggregate amount of such indebted- ness (s. 125). The accounts submitted to the meeting must also 1) If interest has in any year been paid out of capital under s. 54, show the share capital on which and the rate at which interest has been so paid [s. 54 (1) (g)]. Contain particulars of any loans made either by the company or any other person under a guarantee from or on a security provided by the company to any director or officer of the company during the period covered by the account (whether repaid or not) and particulars of any such loans made before the com- mencement of the period covered by the account and outstanding at the expiration of such period [s. 128 (1) (a) (6)]. Particulars need not, however, be given of loans made in the ordinary course of business by a company whose ordinary business includes the lending of money or of a loan to any employee if the loan does not exceed £2000 and is certified by the directors to have been made in accordance with the usual practice of the company as regards loans to employees. It is thought that a director would not be an employee within this exception [s. 128 (2)]. State the total remuneration paid to or receivable by the directors as remuneration for their services from the company or any of its subsidiary companies excluding managing directors’ remuneration and any remuneration paid to any other director, not as director, but in respect of some other salaried office or employment in the company held by him [s. 128 (1) 'c) and (3)]. 3) As to the meaning of remuneration see s. 128 (5). Where the Act requires information to be included in the accounts submitted to the annual meeting, but doesnot expressly provide that it shall be given in the balance sheet, the question arises whether it must be included in the accounts circulated among the members pursuant to s. 130. It has been suggested that it is sufficient if the information is included in the full accounts to be laid before the meeting; but it is thqught that is not enough, at any rate so far as the information refers to items included in the balance sheet; for the information (see s. 128), has to be included in the accounts ‘to be laid before every

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