Harbours Act 2015
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Accounts and audits of transferred company | ||
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19. (1) A transferred company shall keep all proper and usual accounts in accordance with the requirements of the Companies Act 2014 . | ||
(2) Accounts kept in pursuance of subsection (1) shall be submitted annually by a transferred company to an auditor for audit and, immediately after such audit, copies of the profit and loss account, the cash flow statement, the balance sheet, such other (if any) of the accounts kept by a transferred company as the local authority chief executive concerned may direct, the auditor’s report on the accounts and the report to the shareholders for the accounting year in question, shall be presented by the transferred company to the local authority chief executive who shall as soon as may be furnish a copy to each member of the elected council. | ||
(3) A transferred company shall, if so required by the local authority chief executive concerned, furnish to the local authority chief executive, in such form and in respect of such period, as may be approved of by the local authority chief executive, such information as he or she may require in respect of any balance sheet or other account or any report on its accounts of the transferred company or any of its subsidiaries or in relation to the policy and operations (other than day-to-day operations) of the transferred company or any of its subsidiaries. |