Cap. 168 ст. 135General provisions as to contents and form of accounts.

(1) Every balance sheet of a company shall give a true and fair view of the state of affairs of the company as at the end of its financial year, and every profit and loss account shall give a true and fair view of the profit and loss of the company for the financial year.

(2) Without prejudice to the general requirements of sub-article

(1) or to any other requirement of this Ordinance, and save as expressly provided in Part II of the Third Schedule hereto, a company’s balance sheet and profit and loss account shall comply with the requirements of the said Third Schedule, so far as applicable thereto.

(3) The accounts which, in pursuance of this Ordinance, are to be laid before every company in general meeting shall contain particulars showing -

(a) the amount of any loans which during the period to which the accounts relate have been made by the company or by any other person under a guarantee from or a security provided by the company to any director or officer of the company, including any such loans which were repaid during the same period;

(b) the amount of any loans made in the manner aforesaid to any director or officer at any time before the period aforesaid and outstanding at the expiration thereof; payments, or other emoluments paid to them by, or receivable by them from, the company or any subsidiary thereof.