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APPENDIX 4
COMPANIES ACT, 1948-8TH SCHEDULE

PART III
EXCEPTIONS FOR SPECIAL CLASSES OF COMPANY
23.-(1) A banking or discount company shall not be subject to the requirements of Part I of this Schedule other than
(a) as respects its balance sheet, those of paragraphs 2 and 3, paragraph 4 (so far as it relates to fixed and current assets), paragraph 8 (except sub-paragraph (1) (d), paragraphs 9 and 10, and paragraph 11 (except sub-paragraph (8) ); and
(b) as respects its profit and loss account, those of sub-paragraph (1) (h) of paragraph 12, paragraph 13 and sub-paragraphs (1), (4) and (5) of paragraph 14;
but, where in its balance sheet capital reserves, revenue °eserves or provisions (other than provisions for depreciation, renewals or diminution in value of assets) are not stated separately, any heading stating an amount arrived at after taking into account such a reserve or provision shall be so framed or marked as to indicate that fact, and its profit and loss account shall indicate by appropriate words the manner in which the amount stated for the company's profit or loss has been arrived at.
(2) The accounts of a banking or discount company shall not be deemed, by reason only of the fact that they do not comply with any requirements of the said Part I from which the company is exempt by virtue of this paragraph, not to give the true and fair view required by this Act. '
(3) In this paragraph the expression " banking or discount company " means any company which satisfies the Board of Trade that it ought to be treated for the purposes of this Schedule as a banking company or as a discount company.
24.-(1) In relation to an assurance company within the meaning of the Assurance Companies Acts, 1909 to 1946, which is subject to and complies with the requirements of those Acts as respects the preparation and deposit with the Board of Trade of a balance sheet and profit and loss account, the foregoing paragraph shall apply as it applies in relation to a banking or discount company, and such an assurance company shall also not be subject to the requirements of sub-paragraphs (1) (a) and (3) of paragraph 8 and sub-paragraphs (4) ot (7) and sub-paragraph (10) of paragraph 11 of this Schedule :
Provided that the Board of Trade may direct that any such assurance company whose business includes to a substantial extent business other than assurance business shall comply with all the requirements of the said Part I or such of them as may be specified in the direction and shall comply therewith as respects either the whole of its business or such part thereof as may be so specified.
(2) Where an assurance company is entitled to the benefit of this paragraph, then any wholly owned subsidiary thereof shall also be so entitled if its business consists only of business which is complementary to assurance business of the classes carried on by the assurance company.

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where is HTML where is HEAD where is TITLE PART III EXCEPTIONS FOR SPECIAL CLASSES OF COMPANY 23.-(1) A banking or discount company shall not be subject to what is requirements of Part I of this Schedule other than (a) as respects its balance sheet, those of paragraphs 2 and 3, paragraph 4 (so far as it relates to fixed and current assets), paragraph 8 (except sub-paragraph (1) (d), paragraphs 9 and 10, and paragraph 11 (except sub-paragraph (8) ); and (b) as respects its profit and loss account, those of sub-paragraph (1) (h) of paragraph 12, paragraph 13 and sub-paragraphs (1), (4) and (5) of paragraph 14; but, where in its balance sheet capital reserves, revenue °eserves or provisions (other than provisions for depreciation, renewals or diminution in value of assets) are not stated separately, any heading stating an amount arrived at after taking into account such a reserve or provision shall be so framed or marked as to indicate that fact, and its profit and loss account shall indicate by appropriate words what is manner in which what is amount stated for what is company's profit or loss has been arrived at. (2) what is accounts of a banking or discount company shall not be deemed, by reason only of what is fact that they do not comply with any requirements of what is said Part I from which what is company is exempt by virtue of this paragraph, not to give what is true and fair view required by this Act. ' (3) In this paragraph what is expression " banking or discount company " means any company which satisfies what is Board of Trade that it ought to be treated for what is purposes of this Schedule as a banking company or as a discount company. 24.-(1) In relation to an assurance company within what is meaning of what is Assurance Companies Acts, 1909 to 1946, which is subject to and complies with what is requirements of those Acts as respects what is preparation and deposit with what is Board of Trade of a balance sheet and profit and loss account, what is foregoing paragraph shall apply as it applies in relation to a banking or discount company, and such an assurance company shall also not be subject to what is requirements of sub-paragraphs (1) (a) and (3) of paragraph 8 and sub-paragraphs (4) ot (7) and sub-paragraph (10) of paragraph 11 of this Schedule : Provided that what is Board of Trade may direct that any such assurance company whose business includes to a substantial extent business other than assurance business shall comply with all what is requirements of what is said Part I or such of them as may be specified in what is direction and shall comply therewith as respects either what is whole of its business or such part thereof as may be so specified. (2) Where an assurance company is entitled to what is benefit of this paragraph, then any wholly owned subsidiary thereof shall also be so entitled if its business consists only of business which is complementary to assurance business of what is classes carried on by what is assurance company. where is meta name="keywords" content="old books, Free book , free book offer , free audio books , free coloring book pages , free book reports , free audio book , audio books free download , book free , free guest book , books free , free book summaries , download free audio books , free childrens books." where is where are they now rel="stylesheet" type="text/css" href="../../style.css" where is meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1" where is BODY bgColor=#ffffff text="#000000" where are they now ="#000000" v where are they now ="#FF0000" where is div align="center" where is strong where is strong where is a href="http://www.aaoldbooks.com" Books > where is a href="../default.asp" title="Book" Old Books > where is strong where is a href="default.asp" Poetry Northwest (1959) where is table width="700" border="1" align="center" cellpadding="15" cellspacing="0" where is center where is tr where is td width="160" align="center" valign="top" where is div align="center" where is td align="center" valign="top" where is div align="left" where is div align="center" where is p align="left" Page 331 where is strong APPENDIX 4 COMPANIES ACT, 1948-8TH SCHEDULE where is p align="justify" PART III EXCEPTIONS FOR SPECIAL CLASSES OF COMPANY 23.-(1) A banking or discount company shall not be subject to what is requirements of Part I of this Schedule other than (a) as respects its balance sheet, those of paragraphs 2 and 3, paragraph 4 (so far as it relates to fixed and current assets), paragraph 8 (except sub-paragraph (1) (d), paragraphs 9 and 10, and paragraph 11 (except sub-paragraph (8) ); and (b) as respects its profit and loss account, those of sub-paragraph (1) (h) of paragraph 12, paragraph 13 and sub-paragraphs (1), (4) and (5) of paragraph 14; but, where in its balance sheet capital reserves, revenue °eserves or provisions (other than provisions for depreciation, renewals or diminution in value of assets) are not stated separately, any heading stating an amount arrived at after taking into account such a reserve or provision shall be so framed or marked as to indicate that fact, and its profit and loss account shall indicate by appropriate words what is manner in which what is amount stated for what is company's profit or loss has been arrived at. (2) what is accounts of a banking or discount company shall not be deemed, by reason only of what is fact that they do not comply with any requirements of what is said Part I from which what is company is exempt by virtue of this paragraph, not to give what is true and fair view required by this Act. ' (3) In this paragraph what is expression " banking or discount company " means any company which satisfies what is Board of Trade that it ought to be treated for what is purposes of this Schedule as a banking company or as a discount company. 24.-(1) In relation to an assurance company within what is meaning of what is Assurance Companies Acts, 1909 to 1946, which is subject to and complies with what is requirements of those Acts as respects what is preparation and deposit with what is Board of Trade of a balance sheet and profit and loss account, what is foregoing paragraph shall apply as it applies in relation to a banking or discount company, and such an assurance company shall also not be subject to the requirements of sub-paragraphs (1) (a) and (3) of paragraph 8 and sub-paragraphs (4) ot (7) and sub-paragraph (10) of paragraph 11 of this Schedule : Provided that what is Board of Trade may direct that any such assurance company whose business includes to a substantial extent business other than assurance business shall comply with all what is requirements of what is said Part I or such of them as may be specified in what is direction and shall comply therewith as respects either what is whole of its business or such part thereof as may be so specified. (2) Where an assurance company is entitled to what is benefit of this paragraph, then any wholly owned subsidiary thereof shall also be so entitled if its business consists only of business which is complementary to assurance business of what is classes carried on by what is assurance company. where is Server.Execute("_SiteMap.asp") %

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