Template:AA Accounts

From Tennis

ACCOUNTS AND DIVIDENDS

61.

• The committee shall cause accounting records to be kept in accordance with Sections 221 and 222 of the Act.
  • 61.1 The accounting records shall be kept at the registered office of the Company or, subject 227 of the Act, at such other place or places at the Committee thinks fit, and shall always be open to the inspection of the officers of the Company.
  • 61.2 The committee shall from time to time determine whether and to what extent and at what times and places and under what conditions or regulations the accounts and books for the Company or any of them shall be open to the inspection of Members not being Members of the committee and no Member (not being a Member of the committee) shall have the right of inspecting any account or book or document of the Company except as conferred by statue or authorised by the committee or by the Company in general meeting.
  • 61.3 The committee shall from time to time in accordance with Sections 238 to 242 of the Act cause to be prepared and to be laid before the Company in general meeting such profit and loss accounts, balance sheets, group accounts (if any) and reports as are referred to in those Sections.
  • 61.4 A copy of every balance sheet (including every document required by law to be annexed to it) which is to be laid before the Company in general meeting together with a copy of the auditor’s report and the committee’s report, shall not less than 14 days before the date of the meeting be sent to every Member of the Club provided that this article shall not require a copy of those documents to be sent to any person of whose address the Company is not aware.
  • 61.5 Once at least in every year the accounts of the Company shall be examined and the correctness of the income and expenditure account and balance sheet ascertained by one or more properly qualified auditor or auditors.
• (B) The income and property of the club shall be applied solely towards the promotion of its objects as set forth in its Memorandum of Association and no portion thereof shall be paid or transferred directly or indirectly by way of dividend or bonus to the Members.