Directors’ statement and auditor’s report to be available for inspection
‘(1) The directors’ statement and auditor’s report must be kept available for inspection at the company’s registered office throughout the period—
(a) beginning with the day on which the company—
(i) first publishes the notice required by section (Public notice of proposed payment)(1), or
(ii) if earlier, first publishes or gives the notice required by section (Public notice of proposed payment)(2), and
(b) ending five weeks after the date of the resolution for payment out of capital.
(2) They must be open to the inspection of any member or creditor of the company without charge.
(3) If an inspection under subsection (2) is refused, an offence is committed by—
(a) the company, and
(b) every officer of the company who is in default.
(4) A person guilty of an offence under this section is liable on summary conviction to a fine not exceeding level 3 on the standard scale and, for continued contravention, a daily default fine not exceeding one-tenth of level 3 on the standard scale.
(5) In the case of a refusal of an inspection required by subsection (2), the court may by order compel an immediate inspection.’.—[Margaret Hodge.]