218. Penalty for improper issue, circulation or publication of balance- sheet or profit and loss account.—(a) If any copy of a balance-sheet or profit and loss account which has not been signed as required by section 215 is issued, circulated or published; or (b) If any copy of a balance-sheet is issued, circulated or published without there being annexed or attached thereto, as the case may be, a copy each of (i) the profit and loss account, (ii) any accounts, reports or statements which, by virtue of section 212, are required to be attached to the balance-sheet, (iii) the auditors’ report, and (iv) the Board’s report referred to in section 217; the company, and every officer of the company who is in default, shall be punishable with fine which may extend to five thousand rupees.
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