ABSTRACT
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The directors of every company limited by shares and registered after the commencement of this Act shall, notwith-standing anything to the contrary in the regulations of the company, once at least in every year lay before the company in general meeting a balance sheet made up to a date not more than three months before the meeting, and shall cither cause a printed copy of such balance sheet to be sent to the registered address of every member of the company seven days at least before the meeting at which it is to be laid before the company, or cause a copy of such balance sheet to be deposited at the registered office of the company for the information of the shareholders for a convenient time, of which duo notice shall be given.
If default is made in complying with this section, each director of the company shall be liable to a fine not exceeding ten pounds for each day during which the default continues.
The Board of Trade may, for special reasons, exempt any company from the requirements of this section.
Balance sheet.
