Contents of the accounts 

67. Every company shall, in the accounts stated in subsection (a) of section 66, specify the share capital of the company; the paid up capital, the assets, liabilities and information generally expected to be disclosed in relation to the assets and liabilities of the company and the manner in which all immovable properties of the company are valued. 

Laying of the accounts and reports before the general meeting 

68.     (a) Every company shall lay before the company in general meeting the annual account, and the directions report stated in section 66 after passing them by the Board of Directors with the signatures of two directors of the company. 

         (b) Every company shall when laying before the company in general meeting the annual account and director’s report shall also lay the auditor’s report stated in section 71 of the Act. 

Accounts and reports to be delivered to the registrar 

69.     (a) The directors of the company shall deliver to the registrar of companies the annual accounts and the directors report stated in section 66 of this Act and the auditors report stated in section 71 of the Act within fifteen days of the annual general meeting. 

         (b) In the case of failure to comply with sub-section (a) of this section every member of the Board of Directors of the company for the past year who has been charged to act in accordance with section 69 (a) and have failed to do so or take positive actions in that regard shall be guilty of an offence and liable to a fine between MRf. 5,000/- to MRf. 100,000/- 

Back to "Company Act" Contents