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Signing of balance sheet and profit and loss account.
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156.—(1) Every balance sheet and profit and loss account of a company shall be signed on behalf of the directors by two of the directors of the company.
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(2) In the case of a banking company registered after the 15th day of August, 1879, the balance sheet and profit and loss account must be signed by the secretary and where there are more than three directors of the company by at least three of those directors, and where there are not more than three directors by all the directors.
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(3) If any copy of a balance sheet or profit and loss account which has not been signed as required by this section is issued, circulated or published, the company and every officer of the company who is in default shall be liable to a fine not exceeding £100.
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(4) Subsection (3) shall not prohibit the issue, circulation or publication of—
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(a) a fair and accurate summary of any profit and loss account and balance sheet and the auditors' report thereon after such profit and loss account and balance sheet shall have been signed on behalf of the directors;
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(b) a fair and accurate summary of the profit or loss figures for part of the company's financial year.
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