79. Accounts of fund
Feedback & supportA securities exchange shall establish and keep proper accounts of its fidelity fund and shall before 31st March in each year cause a balance-sheet in respect of such accounts to be made out as at the preceding 30th June.
securities exchange
“securities exchange” means a stock exchange or an approved securities organisation;
The committee of the securities exchange shall appoint an auditor to audit the accounts of the fidelity fund.
committee
“committee”, in relation to a securities exchange, means the persons for the time being in whom the management of the securities exchange is vested;
The auditor appointed by the committee shall regularly and fully audit the accounts of the fidelity fund and shall audit each balance-sheet and cause it to be laid before the committee not later than 3 months after the balance-sheet was made out.
auditor
“auditor” means an approved company auditor within the meaning of the Companies Act;