Full text: Secretarial practice

COMPANIES ACT, 1929 
767; 
Accounts. 
51. The directors shall cause proper books of account to be kept 
with respect to— 
All sums of money received and expended by the company and 
the matter in respect of which the receipt and expenditure 
takes place; 
All sales and purchases of goods by the company; and 
The assets and liabilities of the company. 
52. The books of account shall be kept at the registered office 
of the company, or at such other place or places as the directors 
think fit, and shall always be open to the inspection of the directors. 
53. The directors shall from time to time determine whether and 
to what extent and at what times and places and under what con- 
ditions or regulations the accounts and books of the company or any 
of them shall be open to the inspection of members not being directors 
and no member (not being a director) shall have any right of inspect- 
ing any account or book or document of the company except as 
conferred by statute or authorised bv the directors or by the company 
in general meeting. 
54. The directors shall from time to time in accordance with 
section 123 of the Act, cause to be prepared and to be laid before the 
company in general meeting such profit and loss accounts balance 
sheets and reports as are referred to in that section. 
55. 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 auditor's 
report shall not less than seven days before the date of the meeting 
be sent to all persons entitled to receive notices of general meetings of 
the Companv 
Audit 
56. Auditors shall be appointed and their duties regulated] in 
accordance with sections 132, 133, and 134 of the Act. 
Notices. 
57. A notice may be given by the company to any member either 
personally or by sending it by post to him to his registered address, 
or (if he has no registered address within the United Kingdom) to 
the address, if any, within the United Kingdom supplied by him to 
the company for the giving of notices to him. 
Where a notice is sent by post, service of the notice shall be 
deemed to be effected by properly addressing, prepaying, and 
posting a letter containing the notice, and to have been effected 
at the expiration of 24 hours after the letter containing the same 
was posted. 
58. If a member has no registered address within the United 
Kingdom and has not supplied to the company an address within the 
United Kingdom for the giving of notices to him 2a notice addrecced
	        
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