Hong Kong Ordinances

TUNG WAH GROUP OF HOSPITALS ORDINANCE - SECT 7

Accounts

(Past version on 01/07/1997).
(Past version on 30/06/1997).

(1) The board shall cause to be kept proper books of account of all
transactions of the corporation.

(2) Such books of account shall be open at all reasonable times to the
inspection of any director and of any person appointed by the Chief Executive
in that behalf. (Amended 4 of 2000 s. 3)

(3) A chairman shall within 6 months after the expiration of his term of
office send to the Chief Secretary for Administration a statement of the
accounts of the corporation which shall- (Amended L.N. 362 of 1997)

   (a)  be signed by 2 persons who were directors during the year to which the
        statement relates;

   (b)  be audited in accordance with subsection (4); and

   (c)  contain the following particulars-

        (i)    an account of the assets and liabilities of the corporation at
               the end of the previous year;

        (ii)   an account of the receipts and disbursements of the corporation
               during the previous year; and

        (iii)  a report on the administration of the corporation during the
               previous year.

(4) The accounts of the corporation and the signed statement of the accounts
shall be audited by an auditor appointed by the corporation, being a certified
public accountant (practising) as defined in the
Professional Accountants Ordinance ( Cap 50), and the auditor shall certify
the statement of the accounts subject to such report, if any, as he thinks
fit. (Amended 76 of 1973 s. 3; 23 of 2004 s. 56)

(5) A copy of the signed and audited statement of the accounts and the
auditor's report, if any, shall within 6 months after the end of the year be
sent to each-

   (a)  director;

   (b)  person who was a director during that year;

   (c)  member of the advisory board; and

   (d)  voting member.