Sri Lanka Consolidated Acts

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Finance Companies Act (No. 78 of 1988) - Sect 17

Publication of balance sheet and profit and loss account of finance company

16.
(1) Every finance company shall transmit to the Director and publish within six months after the close of the financial year
(a) the profit and loss account of the company for that year;
(b) the balance sheet as at the date to which such profit and loss account is made up;
(c) the auditor's report attached to such profit and loss account and balance sheet; and
(d) the report by the directors relating to the state of the affairs of the company attached to such balance sheet.
(2) Every finance company shall exhibit the balance sheet and profit and loss account of such company in a conspicuous part of each of its places of business until the balance sheet and profit and loss account for the succeeding financial year are prepared and exhibited.
(3) The Board may specify the form of the balance sheet and profit and loss account referred to in this section and where each form is specified, the balance sheet and profit and loss account of every finance company shall be pre pared in such form as is specified.

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