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Amendment of section 18 of Principal Act.
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9.—Section 18 of the Principal Act is hereby amended—
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(a) in subsection (1), by the substitution of “Minister” for “Minister for Finance”,
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(b) in subsection (2), by the substitution of “, after consultation with the Minister for Finance,” for “for Finance”,
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(c) in subsection (3), by the substitution of “Minister” for “Minister for Finance”,
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(d) by the substitution of the following subsection for subsection (4):
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“(4) A copy of every balance sheet and profit and loss account furnished to the Minister pursuant to this section shall be laid by him before each House of the Oireachtas as soon as may be after such balance sheet and profit and loss account are so furnished to him.”,
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and
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(e) in subsection (6), by the substitution of “Minister” for “Minister for Finance”,
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and the said subsections (1), (2), (3) and (6), as so amended, are set out in the Table to this section:
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TABLE
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18.—(1) The Company shall within 90 days after the end of every accounting year furnish to the Minister a balance sheet for such accounting year duly audited by the auditor of the Company and also a profit and loss account for the same accounting year similarly audited.
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(2) The balance sheet and profit and loss account to be furnished as aforesaid shall be drawn up in such manner as the Minister, after consultation with the Minister for Finance, may direct and such balance sheet shall contain (in addition to any matter required by such direction) a summary of the capital, assets and liabilities of the Company together with such particulars as will disclose the nature of such assets and liabilities and the manner in which the value of the assets was arrived at.
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(3) The Company shall on demand furnish to the Minister such explanations as the said Minister shall think proper to require in respect of any balance sheet or profit and loss account furnished pursuant to this section.
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(6) An offence under this section may be prosecuted by or at the suit of the Minister.
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