Perpetual Funds (Registration) Act, 1933

Accounts and reports of registered funds.

10.—(1) The trustees of every registered perpetual fund shall once in every year cause a statement of accounts and balance sheet of the fund to be prepared and to be audited by an auditor, and the said trustees shall also, at least once in every five years, cause an investigation and report to be made by an actuary as to the financial conditions of the fund.

(2) A copy of every statement of accounts and balance sheet and of every report prepared or made under this section, signed by the auditor or actuary (as the case may be) and by the secretary of the fund, shall be sent by such secretary to the registrar within twelve months after the close of the period to which it relates.