COMPANIES ACT - 1963 (ACT 179)

    Section - 131 - Signing and Publication of Accounts

    (1) A company shall not issue, publish or circulate a copy of any profit and loss account or balance sheet unless,

    (a) it shall have attached thereto a copy of each of the other documents referred to in paragraphs (a), (b) and (c) of subsection (1) of section 124 of this Code and of any group accounts required under section 127 of this Code; and

    (b) the said accounts and balance sheet shall have been approved by the board of directors and, after such approval, signed on their behalf by two directors.

    (2) The foregoing subsection shall not prohibit the publication of,

    (a) a fair and accurate summary of any profit and loss account and balance sheet and the auditors' report thereon after such profit and loss account and balance sheet shall have been approved by, and signed on behalf of, the board of directors;

    (b) a fair and accurate summary of the profit or loss figures for part of the company's financial year.

    (3) In the event of any breach of subsection (1) of this section the company and every officer of the company who is in default shall be liable to a fine not exceeding fifty pounds.