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PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 - SECT 5

5.(1) Before any advertisement for deposits is issued by any company after
the appointed day, the company shall deliver to the Registrar and the Ministry
accounts complying with the requirements of this section.

(2) The accounts required under this section in connection with an
advertisement for deposits are

(a)in every case, audited accounts comprising

(i)a balance sheet dated not more than fifteen months before the date on which
the advertisement is issued; and

(ii)a profit and loss account for the period between the date of that balance
sheet and that of the last relevant balance sheet which was dated not less
than six months before that date; and

(b)where the date of the balance sheet comprised in the accounts delivered for
the purpose of paragraph (a) is more than nine months before the date on which
the advertisement is issued, interim accounts comprising

(i)a balance sheet dated not less than six months after the date of the
first-mentioned balance sheet; and

(ii)a profit and loss account for the period between the dates of those
balance sheets.

(3) In this section "relevant balance sheet" means a balance sheet comprised
in accounts delivered by the company for the purposes of any provision of
this Act requiring the delivery of audited accounts or, where no such balance
sheet has been so delivered, an audited balance sheet laid before the company
in general meeting.

(4) Within fourteen days after the first occasion after the appointed day on
which an advertisement for deposits is issued by a company which has delivered
the accounts required by this section, the company shall deliver to
the Registrar and the Ministry a notice specifying the date on which the
advertisement was issued.

© 1964 Crown Copyright

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