Part 15Accounts and reports
Chapter 7Publication of accounts and reports
Duty to circulate copies of accounts and reports
423Duty to circulate copies of annual accounts and reports
1
Every company must send a copy of its annual accounts and reports for each financial year to—
a
every member of the company,
b
every holder of the company’s debentures, and
c
every person who is entitled to receive notice of general meetings.
2
Copies need not be sent to a person for whom the company does not have a current address.
3
A company has a “current address” for a person if—
a
an address has been notified to the company by the person as one at which documents may be sent to him, and
b
the company has no reason to believe that documents sent to him at that address will not reach him.
4
In the case of a company not having a share capital, copies need not be sent to anyone who is not entitled to receive notices of general meetings of the company.
5
Where copies are sent out over a period of days, references in the Companies Acts to the day on which copies are sent out shall be read as references to the last day of that period.
6
This section has effect subject to section 426 (option to provide summary financial statement).