Singapore legislation
Clause 27
Clause 27
Director to submit copy of profit and loss account and auditor to submit copy of his report to Commissioner
(1)
Every director of a finance company shall submit to the Commissioner a copy of the profit and loss account and balance-sheet made out pursuant to subsections (1) and (3) of section 169 of the Companies Act, 1967 (Act of 1967).
(2)
Every auditor of a finance company shall submit to the Commissioner a copy of his report as to every balance-sheet and profit and loss account (including every consolidated balance-sheet and consolidated profit and loss account) that he is required under section 174 of the Companies Act, 1967, to make to members of the finance company.