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Obligation of the Company to furnish balance sheets, etc.
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86.—(1) The Company shall within six months after the end of every accounting year furnish to the Minister and to the Minister for Finance in respect of such accounting year the following documents, audited by the auditor of such company and drawn up in such manner as shall be approved by the Minister for Finance after consultation with the Minister, that is to say, a balance sheet and a profit and loss account, and also a separate revenue account in respect of each class of reinsurance business carried on by the Company.
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(2) The Company shall on demand by the Minister or by the Minister for Finance furnish to the Minister making such demand such explanations as such Minister shall think proper to require in respect of any balance sheet, profit and loss account or revenue account furnished to him pursuant to this section.
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(3) A copy of every balance sheet, profit and loss account and revenue account furnished to the Minister for Finance pursuant to this section shall be laid by the said Minister before each House of the Oireachtas within one month after such balance sheet, profit and loss account or revenue account (as the case may be) are so furnished to him.
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(4) If the Company makes default in complying with any of the provisions of this section, the Company and every director, manager, and other officer of the Company, who knowingly and wilfully authorised or permitted such default, shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding five pounds for every day during which the default continues.
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(5) The balance sheet, profit and loss account and revenue account which the Company is required by this section to furnish shall be in addition to and not in substitution for any other balance sheet, profit and loss account or revenue account which the Company may for the time being be required by law to prepare and furnish.
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