As enacted

Contents

Finance Business Act 2011 · As enacted · Part IV · Financial Statements and Audit of Finance Companies

29. Transmission of balance sheet and income statement of finance company to the Director and publication

Official English translation. The Sinhala text prevails. Open the official Sinhala text, official PDF on documents.gov.lk

(1)

Every finance company shall transmit to the

Director within three months after the closure of each financial year -

(a)

the audited income statement of the company for that financial year;

(b)

the audited balance sheet of the company as at the end of the financial year;

(c)

the auditor’s report in respect of the documents referred to in paragraphs (a) and (b) above; and

(d)

the report by the directors relating to the state of the affairs of the finance company attached to the balance sheet.

(2)

Every finance company shall publish at least once in a Sinhala, Tamil and English daily newspapers circulating in Sri Lanka within three months after the closure of each financial year, the documents specified in paragraphs (a), (b) and (c) of subsection (1).

(3)

Every finance company shall exhibit documents specified in paragraphs (a), (b) and (c) of subsection (1) in a conspicuous place of each of its places of business until those documents for the succeeding financial year are prepared and exhibited.

(4)

The Board may specify the form of the balance sheet and income statement referred to in this section and where such form is specified, the balance sheet and income statement of every finance company shall be prepared in such form.

(5)

Every finance company shall publish its key financial data and key performance indicators in respect of the period of six months immediately following from the end of its each financial year, in such form and within such period as may be specified by the Director.

Read on from s 30

Part V