HC Deb 02 December 1958 vol 596 c105W
13. Mr. Lewis

asked the President of the Board of Trade whether he will take the necessary action to amend the 1948 Companies Act to ensure that all private companies shall, on the written request of 10 or more shareholders, or of the holder of more than£100 of the capital, issue an audited balance sheet of the company.

Mr. J. Rodgers

The Act already gives all shareholders and debenture holders in every company the right to receive a copy of the audited accounts, including the balance sheet. Other creditors, including depositors, do not have this particular right but, as my right hon. Friend explained to the hon. Member in his reply on 20th November, unpaid creditors can petition the Court for the winding up of the company.