Statutory Accounts Sample Clauses
The Statutory Accounts clause defines the requirement for a company to prepare and maintain financial statements in accordance with applicable laws and regulations. Typically, this clause specifies the standards to be followed, such as national accounting principles or international standards, and may set deadlines for the preparation, approval, and filing of these accounts. Its core function is to ensure transparency and legal compliance in financial reporting, thereby providing stakeholders with reliable information and reducing the risk of regulatory penalties.
Statutory Accounts. 6.1 The Corporate Services Provider shall, subject to all applicable laws, provide all information and access to books and records as the Auditors may reasonably require for the purpose auditing the annual accounts of the Company;
6.2 The Corporate Services Provider shall, in conjunction with the Auditors and subject to the provision of any necessary information by the Cash Manager, assist in the preparation of the profit and loss account, balance sheet and directors' report and any other report or information required by law to be attached to them or incorporated in them for the Company in respect of each accounting reference period. Subject to the approval of the Company, the Corporate Service Provider shall procure, so far as it is able to do so, that the Auditors shall make a report thereon as required by law;
6.3 The Corporate Services Provider shall arrange for the Cash Manager and the Security Trustee to receive such copies of the audited accounts as shall be required by the Transaction Documents within 120 days of the end of each accounting reference period. It shall also send copies of the audited accounts to such other parties as either the Cash Manager or the Security Trustee shall request;
6.4 The Corporate Services Provider shall take all reasonable steps to procure that, within 120 days of the end of each accounting reference period, the Auditors provide to the Cash Manager for submission to the Financial Services Authority, the London Stock Exchange plc, the Jersey Registrar of Companies, S&P, Moody's and Fitch a copy of the Auditors' report.
Statutory Accounts. The provisions of this Account Agreement as they relate to joint accounts (including right of survivorship), the application of monies from one account against debits in another and closing accounts do not apply to TFSA, RRSP, RRIF, RESP accounts or any other similar type of accounts opened under specific statutory authority granting special tax deferral or other benefits whether opened pursuant to the Income Tax Act or other similar legislation ("statutory accounts"). I agree that each statutory account will be the subject of a separate agreement between us and that such separate statutory agreement will apply in the event of a conflict between it and this Account Agreement.
Statutory Accounts. PML as Administrator shall prepare, on behalf of the Issuer, a profit and loss account, balance sheet and directors' report and any other reports or information required by English law to be attached thereto or incorporated therein for the Issuer in respect of each accounting reference period of the Issuer and shall cause such accounts to be audited by auditors approved by the Issuer and shall procure so far as it is able so to do that the auditors of the Issuer shall make a report thereon as required by relevant law and copies of all such documents shall be delivered to the Issuer as soon as practicable after the end of each accounting reference period of the Issuer. The auditors to the Issuer shall also confirm to the Issuer that the statutory accounts of the Issuer prepared pursuant to this Clause 12 have been audited in accordance with generally accepted auditing practices of the United Kingdom. For these purposes the auditors are KPMG LLP as approved by the Issuer for the first accounting reference period, or any other firm of auditors approved by the Issuer from time to time.
Statutory Accounts. The Administrator shall (i) prepare a profit and loss account, balance sheet and directors' report and any other reports or information required by law to be attached thereto or incorporated therein for the CBC in respect of each accounting reference period of the CBC and (ii) shall cause such accounts to be audited by independent auditors approved by the Security Trustee and (iii) shall procure so far as it is able to do so that such auditors of the CBC shall make a report thereon as required by law and copies of all such documents shall be delivered to the Security Trustee as soon as practicable after the end of each financial year of the CBC. For these purposes the Security Trustee approves Ernst & Young Accountants LLP as the independent auditor of the CBC and such auditor may be replaced by the CBC subject to the prior written approval of the Security Trustee.
Statutory Accounts. The Administrator shall (i) prepare a profit and loss account, balance sheet and directors' report and any other reports or information required by law to be attached thereto or incorporated therein for the CBC in respect of each accounting reference period of the CBC and (ii) shall cause such accounts to be audited by independent auditors approved by the Security Trustee and (iii) shall procure so far as it is able to do so that such auditors of the CBC shall make a report thereon as required by law and copies of all such documents shall be delivered to the Security Trustee and the Rating Agencies as soon as practicable after the end of each financial year of the CBC. For these purposes the Security Trustee approves PricewaterhouseCoopers Accountants N.V. as the independent auditor of the CBC. The Administrator will, at the same time as they are dispatched to the CBC's shareholder, deliver to the Security Trustee and the Rating Agencies a copy of the CBC's annual audited consolidated balance sheet and profit and loss account and directors' report together with any other documents annexed thereto and any interim statement of results for each such person prepared on a consolidated basis.
Statutory Accounts. 26.1 The Audited Accounts of the LLP shall be made up to the Annual Accounting Date in each Fiscal Period and shall, unless otherwise required by law, be prepared in accordance with generally accepted accounting principles in the United Kingdom.
26.2 A profit and loss account shall be taken in every year on the Annual Accounting Date and a balance sheet as at the same date shall be prepared.
26.3 The Members shall, in compliance with the LLP Act and the Companies Act, appoint the Auditors as the auditors for each Fiscal Period of the LLP and shall have the power to fix their remuneration.
26.4 The Members shall ensure that the Audited Accounts are drawn up in the format and give the information required in the LLP Act and the Companies Act and the Audited Accounts shall be audited by the Auditors. The Auditors shall report to the Members and will state whether or not the Audited Accounts give a true and fair view of the profit or loss of the LLP for the Fiscal Period.
26.5 The LLP Management Board shall ensure that all the necessary and proper financial records of accounts shall be kept to enable the Audited Accounts to be made up as above and retained for at least six years after the end of the relevant Fiscal Period or such periods of time as required by law at the registered office (or such other place as the Members may determine by Majority Decision) of the LLP in compliance with the LLP Act and such records shall be available for inspection by each Member and by the Auditors for the time being at all times. Each Member shall be responsible for ensuring that full and proper entries of all transactions entered into by it on account of the LLP are made.
26.6 As soon as the Audited Accounts have been finalised, and no later than ten months after the Annual Accounting Date, the Audited Accounts and Auditors' Report will be distributed to each Member and will be presented at the next duly convened Members' Meeting for approval. The Audited Accounts must be approved by a Unanimous Decision of the Members. Once the Audited Accounts have been approved they shall be binding on the Members, save in the event that an error is discovered within three months of the date of that approval, in which event such error shall be rectified in the manner required by the Companies Act.
26.7 Following the approval of the Audited Accounts by the Members in accordance with Clause 26.6 the Members shall then sign the Audited Accounts on the balance sheet as required by the Comp...
Statutory Accounts. The Statutory Accounts present fairly in all material respects the financial position of the Astra Tech Group, as a whole, at, as applicable, the Statutory Accounts Date or 31 December 2009 and its financial performance and cash flows for the Financial Years ended on, as applicable, the Statutory Accounts Date or 31 December 2009 in accordance with International Financial Reporting Standards.
Statutory Accounts. The Statutory Accounts have been prepared in accordance with the requirements of the relevant statutes and on a basis consistent with that adopted in the preparation of the audited accounts for such companies for each of the last two preceding financial years of such companies and in accordance with applicable law and with the generally accepted accounting principles and practices at the date of preparation of such Statutory Accounts in the jurisdictions of their incorporation and give a true and fair view of the assets and liabilities and state of affairs of such companies as at the dates to which they were prepared and the income, expenses and profitability of such companies for the periods for which they were prepared.
Statutory Accounts. 52 16.3 Pari Passu Ranking of Obligations.................................. 52 16.4 Taxes.............................................................. 52 16.5
Statutory Accounts. The Administrator shall (i) prepare a profit and loss account, balance sheet and directors' report and any other reports or information required by law to be attached thereto or incorporated therein for the CBC in respect of each accounting reference period of the CBC and (ii) shall cause such accounts to be audited by independent auditors approved by the Security Trustee and (iii) shall procure so far as it is able to do so that such auditors of the CBC shall make a report thereon as required by law and copies of all such documents shall be delivered to the Security Trustee as soon as practicable after the end of each financial year of the CBC. For these purposes the Security Trustee approves PriceWaterhouseCoopers Accountants N.V. as the independent auditor of the CBC and such auditor may be replaced by the CBC subject to the prior written approval of the Security Trustee. The Administrator will, at its request, when available, deliver to the Security Trustee a copy of the CBC's annual audited financial statements and directors' report together with any other documents annexed thereto and any interim financial statements for each such person prepared on a consolidated basis. The Administrator shall, subject to all applicable laws, permit the independent auditors of the CBC and the Issuer and any other person nominated by the Security Trustee at any time upon reasonable notice to have access to all books of record and accounts relating to the administration of the CBC Services, respectively and related matters in accordance with this Agreement. The Administrator will use its reasonable endeavours, on behalf of the CBC, to prepare or procure the preparation of and file all reports, annual returns, statutory forms and other returns which the CBC is required by law to prepare and file.