Section 111, Cap. 287

Within eighteen months of incorporation and subsequently onceat least in every year, the Directors shall lay before the Company in General Meeting a profit and loss account for the period since the preceding account, or, in the case of the first account since the incorporation of the Company, made up to a date not more than nine months before such meeting. A balance sheet shall also be made out in every year as at the date to which the profit and loss account is made up, and shall be laid before the Company in General Meeting, and the Directors shall in their report state the account which they recommend to be paid by way of dividend, and the amount (if any) which they propose to carry to reserve, and shall otherwise comply with the requirements of the Ordinance. The Auditor's report shall comply with all the requirements of the Ordinance, and shall be attached to the balance sheet and shall be read before the Company in General Meeting and be open to inspection by any member as required by law. Copies of all such documents and any other documents required by law to be annexed thereto shall subject to the provisions of the Ordinance, not less than twenty-one days before the date of the meeting before which they are to be laid, be sent to all the members and debenture-holders of the Company subject to the provisions of the Ordinance. AUDIT. Accounts to be kept. Books. Inspection of books by Accounts to be laid before Company.