56.
| (1) At every ordinary meeting the directors shall lay before the meeting a balance sheet and statement of the accounts of the Corporation made up to a date not more than six months before the meeting from the time when the last preceding balance sheet and statement was made, or in the case of the first balance sheet and statement from the date of commencement of business by the Corporation. |
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| (2) Every such balance sheet and statement shall be accompanied by a report of the directors as to the state and condition of the Corporation and as to the amount, if any, which they recommend to be paid out of the profits by way of dividend to the shareholders, and the amount, if any, which they recommend to be retained for the reserve fund. |
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Sri Lanka Consolidated Acts