COMPANIES ACT - 1963 (ACT 179)

    Section - 124 - Circulation of Profit and Loss Account, Balance Sheet and R

    (1) The directors of every company shall, at some date not later than eighteen months after the incorporation of the company and subsequently once at least in every calendar year at intervals of not more than fifteen months, cause to be prepared and sent to every member of the company and to every holder of debentures of the company a copy of each of the following documents, namely,

    (a) a profit and loss account and balance sheet prepared and signed in accordance with sections 125 to 131 of this Code;

    (b) a report by the directors thereon in accordance with section 132 of this Code;

    (c) a report by the auditors in accordance with section 133 of this Code:
    Provided that this subsection shall not require a copy of such documents to be sent to a member or debentureholder of whose address the company is unaware, but such person shall be entitled to be furnished on demand without charge with a copy of the last of such profit and loss accounts and balance sheets and directors' and auditors' reports.

    (2) Unless the holding of an annual general meeting is duly waived by the members in accordance with subsection (3) of section 149 of this Code, the documents referred to in subsection (1) of this section shall be laid before the company in general meeting.

    (3) The Registrar, if for any reason he thinks fit so to do, may extend the periods of eighteen months and fifteen months referred to in subsection (1) of this section, and, in the circumstances referred to in subsection (11) of section 127 of this Code, may waive the requirements of this section in respect of any calendar year.