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Signing of balance sheet. 149.(1) Every balance sheet of a company [and every copy of such a balance sheet which is laid before the company in general meeting or delivered to the registrar of companies in pursuance of Article 3 of the Companies (Northern Ireland) Order 1978] shall be signed on behalf of the board by two of the directors of the company, or, if there is only one director, by that director. [(2) In the case of a banking company registered after the fifteenth day of August, eighteen hundred and seventy-nine, the balance sheet must be signed by the secretary or manager, if any, and where there are more than three directors of the company by at least three of those directors, and where there are not more than three directors by all the directors.] (3) If any copy of a balance sheet [which has not been signed as required by this section is issued, circulated or published], the company and every officer of the company who is in default shall be liable to a fine not exceeding fifty pounds.
© 1960 Crown Copyright
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