Production of balance-sheets and other accounts and statements
15 Production of balance-sheets and other accounts and statements
A person who carries on a business of selling goods or supplying services (whether declared or not) shall, upon being required so to do by the Controller or a Deputy Controller by notice in writing, produce, in accordance with the notice, to the Controller or Deputy
Controller, as the case may be:
all balance-sheets, manufacturing, trading, profit and loss, production and revenue accounts and all production, financial and statistical and similar statements prepared by that person or on his behalf in relation to his business of selling goods or supplying or carrying on a service; and
all documents of any kind (including documents of the kind referred to in section 57) which relate to the conduct of the business including the sale of the goods or the supply or carrying on of the service,
which are specified in the notice, and shall leave those balance-sheets, accounts, statements and documents with the
Controller or the Deputy Controller, as the case may be, or furnish him with copies thereof.
Maximum penalty: If the offender is a natural person –
100 penalty units.
If the offender is a body corporate – 500 penalty units.
Where any balance-sheet, account, statement or document required to be produced to the Controller or to the Deputy Controller, as the case may be, is in the possession or control of any person other than the person to whose business it relates, that first-mentioned person shall, upon being required so to do by the Controller or the Deputy
Controller, as the case may be, by notice in writing, produce to and leave with the Controller or the Deputy Controller, as the case may be, that balance-sheet, account, statement or document.
Maximum penalty: If the offender is a natural person –
100 penalty units.
If the offender is a body corporate – 500 penalty units.
A person who has been required to produce to the Controller or to the Deputy Controller, any balance-sheet, account, statement or document, shall, if the Controller or the Deputy Controller, as the case may be, so requires, permit the Controller or the Deputy
Controller, as the case may be, to make a copy of, or to take an extract from, that balance-sheet, account, statement or document.
Maximum penalty: If the offender is a natural person –
100 penalty units.
If the offender is a body corporate – 500 penalty units.
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