PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 - SECT 6 Periodical accounts after advertising.

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PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 - SECT 6

Periodical accounts after advertising.

6.(1) Every company which issues an advertisement for deposits after
the appointed day shall from time to time (unless and until this section
ceases to apply to the company under the following provisions of this Act)
deliver to the Registrar and the Ministry accounts complying with the
requirements of this section.

(2) The accounts required to be delivered by a company to which this section
applies are

(a)audited accounts, each comprising

(i)a balance sheet dated twelve months after the date of the balance sheet
last delivered by the company for the purposes of any provision of this Act
requiring the delivery of audited accounts; and

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

(b)interim accounts, each comprising

(i)a balance sheet dated six months after the date of the balance sheet last
delivered as aforesaid; and

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

(3) Where this section applies to a company by virtue of the issue of an
advertisement for deposits but no accounts complying with section 5 have been
delivered by the company, the dates of the balance sheets to be comprised in
the first accounts required by paragraph (a) and paragraph (b) of subsection
(2) respectively, the periods for which the profit and loss accounts comprised
in those accounts are to be made up, and the times within which those accounts
are to be delivered, shall be such as the Ministry may direct.

(4) For the purposes of this section a balance sheet shall be treated as dated
in accordance with paragraph (a) or paragraph (b) of subsection (2) if dated
within seven days before or after the date prescribed by that paragraph.

(5) The delivery of any accounts pursuant to this section shall, so far as
those accounts comply with the requirements of section 5 in respect of any
advertisement for deposits thereafter issued by the company, or would so
comply if the balance sheet comprised therein were dated as required by this
section apart from subsection (4), be sufficient compliance with section 5 in
relation to that advertisement.

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Northern Irish Legislation

PROTECTION OF DEPOSITORS ACT (NORTHERN IRELAND) 1964 - SECT 6