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Obligation to furnish balance sheets, etc., to the Minister.
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16.—(1) The Agency shall within ninety days after the end of every accounting year furnish to the Minister a balance sheet for such accounting year duly audited by the auditor of the Agency and also a profit and loss account for the same accounting year similarly audited.
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(2) The balance sheet and profit and loss account to be furnished under this section shall be drawn up in such manner as the Minister, after consultation with the Minister for Finance, shall direct, and such balance sheet shall contain (in addition to any matter required by such direction) a summary of the capital, assets and liabilities of the Agency together with such particulars as will disclose the nature of such assets and liabilities and the manner in which the value of the assets was arrived at.
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(3) The Agency shall on demand furnish to the Minister such explanations as the Minister shall think proper to require in respect of any balance sheet or profit and loss account furnished pursuant to this section.
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(4) A copy of every balance sheet and profit and loss account furnished to the Minister pursuant to this section shall be laid by him before each House of the Oireachtas as soon as may be after such balance sheet and profit and loss account are so furnished to him.
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(5) If the Agency makes default in complying with any of the provisions of this section, the Agency, and every director, manager and other officer of the Agency who knowingly and wilfully authorised or permitted such default shall be guilty of an offence under this section and shall be liable on summary conviction thereof to a fine not exceeding five pounds for every day during which the default continues.
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(6) An offence under this section may be prosecuted by or at the suit of the Minister.
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